Overview
- Kingdom Holding signed a binding deal to buy 70% of Al Hilal at a 1.4 billion riyal valuation pending conditions and regulatory approval.
- Saudi Arabia’s Public Investment Fund said the agreement fits its plan to maximize returns and recycle capital into domestic projects.
- PIF had been the club’s principal owner since July 2023 as part of a drive to grow sports and the wider economy.
- Prince Al Waleed called Al Hilal a national symbol and said the investment aims to unlock the club’s potential.
- Reports in The Independent say the sale comes as PIF reassesses sports bets, including a possible pullback from LIV Golf funding.