Al-Shabab Club has finalized a new investment agreement with the 'SHG' Group, granting them naming rights for its main stadium for two full seasons, in a deal valued at 44 million riyals.

The stadium, which hosts the first team’s football matches, will be called 'SHG Arena', according to the partnership signed on Monday evening in the capital Riyadh, in the presence of club and company officials.

According to informed sources, the contract value is 22 million riyals for each season, which falls within the club's efforts to increase its financial resources and enhance its investment strategy.

Al-Shabab Club confirmed in an official statement that this step will positively impact its sports journey and the development of its facilities, noting that the agreement reflects a unique model of partnership between the private sector and the sports sector.

The club also emphasized its commitment to work according to an ambitious vision that aligns with the status of Saudi sports and meets the aspirations of its fans by providing additional resources that contribute to its support in local and continental competitions.

The statement praised the unlimited support that Saudi sports receives from the wise leadership, and the continuous efforts of the Ministry of Sports, led by Prince Abdulaziz bin Turki Al-Faisal, in empowering clubs and opening new horizons for sports investment.