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Emirati investor Salem Saeed Al Shamsi assumed the presidency of the Pyramids Club, after Chancellor Turki Al-Sheikh announced the sale of the club just recently.
Al Shamsi was the vice president of Pyramids and one of the club's shareholders, before the property was transferred.
"The transfer of ownership of Pyramids to the Emirati investor Salem Saeed Al Shamsi .. and the liquidation of all sports investments of the former owner, the adviser Turki Al-Sheikh in Egypt."
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