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Kingdom Holding takes majority stake in Al Hilal as PIF exits

1 min read
Source: The New York Times
Kingdom Holding takes majority stake in Al Hilal as PIF exits
Photo: The New York Times
TL;DR

Saudi Pro League giant Al Hilal has been sold by the Public Investment Fund to Kingdom Holding Company, valuing the club at SAR1.4 billion. Kingdom Holding now owns 70% of the club, with PIF retaining a 30% stake, as Prince Alwaleed bin Talal’s firm pledges to unlock Al Hilal’s commercial potential and maintain its competitive ambitions.

Topics:sportsbusiness#al-hilal#business#kingdom-holding-company#pif#saudi-pro-league#sports-investment
Share this article
  1. Al Hilal sold by Saudi Arabia’s Public Investment Fund to Kingdom Holding Company  The New York Times
  2. Saudi PIF Drops Al-Hilal Soccer Team Amid Sports Pivot  Front Office Sports
  3. Billionaire Saudi Prince Alwaleed Buys Al Hilal Football Club  Bloomberg.com
  4. Saudi Public Investment fund sells majority stake in Al Hilal  ESPN
  5. Al-Hilal officially sold amid uncertainty over Darwin Nunez’s future  DaveOCKOP

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