🚀 Big News for Saudi Sports Clubs: Draft Regulation Announced!
The Ministry of Sports has introduced a draft version of the Basic Regulation for Private Sports Clubs. While not yet in effect, this proposal is a significant step toward privatization and aligning with Saudi Arabia’s Vision 2030. 🏟️✨
What the Draft Regulation Covers:
✅ Alignment with Companies Law 📊
✅ Frameworks for improved governance 🏢
✅ Opportunities for foreign investments in sports 💼
✅ Moves toward international best practices 🌍
While this is still a work in progress, it sets the stage for clearer rules on incorporation, financial management, and legal status for private sports clubs, paving the way for future development. 🏅
description
KLA Firm offers proactive, cost-efficient, and strategic legal assistance. We help investors looking in the Middle East, we also represent MENA startups and established businesses that operate both domestically and internationally.
working hours
Sunday to Thursday
9:00 a.m. – 5:00 p.m.
Friday
8:00 a.m. – 12:00 p.m. (Noon)
Saturday
Closed
working hours
Sunday to Thursday
9:00 a.m. – 5:00 p.m.
Friday
8:00 a.m. – 12:00 p.m. (Noon)
Saturday
Closed
description
KLA Firm offers proactive, cost-efficient, and strategic legal assistance. We help investors looking in the Middle East, we also represent MENA startups and established businesses that operate both domestically and internationally.