Al-Ittihad’s latest financial results show loss of $35.5m

Al-Ittihad’s latest financial results show loss of $35.5m
Al-Ittihad started the 2021-22 SPL season with a 1-0 away loss to Al-Fayha. (Twitter: @ittihad)
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Updated 16 August 2021

Al-Ittihad’s latest financial results show loss of $35.5m

Al-Ittihad’s latest financial results show loss of $35.5m
  • Report presented at club’s general assembly, covers year ending June 30, 2020

The latest financial results of Saudi Professional League (SPL) club Al-Ittihad have revealed a loss of $35.5 million, with revenues of $70.15 million and outgoings of $105.65, Arabic sports daily Arriyadiyah has reported.

The results for the year ending June 30, 2020, were presented at an ordinary general assembly that was attended remotely by the club’s President Anmar Al-Haili, members of the board of directors, and representatives of the Ministry of Sports.

The meeting included a welcome speech from the club’s chairman, the board’s report — including a summary of the annual report — and the presentation and review of the financial statements by the auditor. They included “revenues, expenses, financial position, and financial obligations.”

Al-Ittihad started the 2021-22 SPL season with a 1-0 away loss to Al-Fayha, and on Monday night they play their second match at home against Al-Raed.