Overview
- PIF, which announced the deal Thursday, agreed to sell 70% of Al-Hilal to Kingdom Holding at a SAR 1.4 billion valuation, subject to regulatory approval.
- Kingdom Holding is led by Prince Al Waleed bin Talal, and PIF says it will stay on as a minority shareholder.
- PIF said the sale fits its 2026–2030 strategy to maximize returns and redeploy money into Saudi projects.
- Separate reports say PIF may cut support for LIV Golf, while LIV’s chief told staff the 2026 season will run as planned.
- PIF and club sources say backing for Newcastle United continues, though summer spending will be shaped by cost limits and the risk of missing European revenue.