Discussion on support for the distinguished athletes at meet

Muscat: The Board of Directors of the Sports Activities Support Fund held its first meeting for 2019 under the chair of Sheikh Sa'ad bin Mohammed Al Mardhouf Al Sa'adi, Minister of Sports Affairs, Chairman of the Board of Directors of the Fund.
The agenda of the first meeting included recommendations of the Fund’s Investment Committee submitted to the Board within the minutes of its first meeting for 2019 and approving a report of the Fund's auditor for 2018. As part of its support for the distinguished athletes, the Fund's Board of Directors reviewed a report on the classification of distinguished players belonging to the National Teams Centre and candidates by different federations and sports committees, which has been financed by the Fund for several years in partnership with the relevant sports bodies.
The Board adopted the technical plan and the scientific follow-up programme for these athletes for 2019, in addition to adopting some of the controls proposed by the sports classification team at the Fund. With regard to the current investments, the Fund's Board of Directors reviewed the financial position of its investments and their financial returns in view of the instability of the financial markets.
The Board also reviewed the Investment Committee's plan on entering into new investments, stressing the importance of studying the market status and proposing projects that contribute to the development of the Fund's revenues.