The Saudi Ministry of Sports has officially announced the transfer of ownership of Al-Khulood Club to American businessman Ben Harburg, in a new step that supports the privatization project and expands the base of sports investment in the Kingdom.

This step represents a strategic shift for the club, which is currently participating in the Saudi Roshan League, and opens the door to a comprehensive development phase at both administrative and technical levels.

Ben Harburg is considered one of the prominent names in the business world, and forecasts indicate that his ownership of the club will contribute to supporting infrastructure and enhancing financial resources.

The new ownership will give the team an opportunity to rebuild its sports identity and provide a professional environment that helps it achieve better results in local competitions.

This deal comes as part of Saudi Vision 2030, which aims to transform the sports sector into an attractive investment environment, supporting clubs and contributing to the development of a sustainable professional sports industry.