The Chairman of the Board of Directors of Al-Ahly Football Company, Yassin Mansour, said that the club’s board of directors is considering offering a share of the company’s shares to the public in preparation for its inclusion in the Egyptian Stock Exchange.
Mansour added, in exclusive statements to Al Arabiya.net, that this stake amounts to 49%, while Al-Ahly Club will keep its ownership in the company at 51%.
Mansour did not specify a date for the start of the subscription process.
Mansour told Al Arabiya.net that the company is currently working on increasing its revenues in order to be attractive to investors when offering a share of its shares for public subscription on the stock exchange.
Al-Ahly Football Company is responsible for many matters within the club after its official formation by the Board of Directors headed by Mahmoud Al-Khatib.
The company handles all football matters in Al-Ahly Club, from organizing football, contracts, loaning players, sponsorship rights, broadcasting rights, and all academies’ work, and participating in various events and competitions, whether local, continental or international.
It also markets the associated broadcasting rights – sponsorship rights – licensed goods and products – cooperative marketing program products – advertisements and product certification – player transfers and loans – new media sales – paid media programs for players and technical equipment – academies – camps – matches.
The Al-Ahly Football Company represents the club before the Egyptian Football Association, CAF and FIFA, and the company’s representative will be present in all forums, whether in the Football Association elections or the Club Association elections or any similar matters.
It is noteworthy that the board of directors of the Egyptian Al-Ahly Club decided in May 20121, the appointment of billionaire businessman Yassin Mansour, as Chairman of the Board of Directors of Al-Ahly Football Company.
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