Lift the suspension of the “financial efficiency of Al-Taie”

Yesterday, Tuesday, the Sports Ministry’s Financial Efficiency Committee decided to lift the suspension of the financial efficiency certificate for the Al-Taie Club, starting today, after fraud by officials was proven. of the club. The committee issued a statement as follows: “With reference to the decision of the Financial Efficiency Committee for i club sportsmen at the Ministry of Sport, to suspend the certificate of financial efficiency for the Al-Taie Club starting from 19 August 2021 AD for the reasons indicated in the decision, and on the basis of the investigations carried out by the Directorate General of Legal Affairs of the Ministry with all the Relevant parties in the case, it was decided as follows.

And the statement continued: “First, by sending a written warning to the CEO of Al-Tai Club / Badr bin Ayed Al-Suwaidi, undertaking not to repeat the violation on the basis of the text of the article (88/2 / a ) of the basic rules for sports clubs, for violation of article (88/1 /). b) of the regulation and of article (20) of the regulation on the financial efficiency of sports clubs, with the emphasis on obligation to exercise all the powers of the CEO provided for by the basic regulation of sports clubs, including: following the activities of the club, keep documents, contracts and official documents and organize records and files.

Second / Sending a written warning to the financial director of the Al-Taei Club / Muhammad Hammoud Al-Dhamadi, undertaking the commitment not to repeat the violation, as provided for by article (88/2 / a) of the basic regulation of sports clubs, for its violation of article (88/1 / b) of the regulation and article (20) of the regulation on the financial efficiency of sports clubs, underlining the obligation to exercise all the responsibilities of the financial manager provided for by basic regulation of sports clubs, including: auditing and auditing of the accounts of the club and keeping of the documents of income and expenses at the headquarters of the club and under his responsibility.

In consideration of the lack of proof of fraud by the club in submitting documents and financial documents to the Ministry’s Financial Efficiency Committee in order to obtain a certificate of financial efficiency, the committee issued the decision to revoke the suspension of the financial efficiency certificate for Al-Taie Club as of August 30, 2021 AD

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