Kingdom Holding completes 70% acquisition of Al Hilal for SAR 840 million

Kingdom Holding has successfully completed its acquisition of a 70% stake in Al Hilal Club for SAR 840 million, demonstrating its commitment to the club's transformation in line with Vision 2030 objectives. The transaction, which concluded all necessary procedures, was facilitated by a share purchase agreement signed with the Public Investment Fund. Al Hilal Club's equity was assessed at 1.2 billion riyals, with the purchase price representing 70% of the total valuation.

All regulatory approvals and non-objection certificates were secured, alongside fulfilling internal conditions set forth in the April 16, 2026 agreement. Kingdom Holding promptly transferred the full transaction amount to the Public Investment Fund, confirming there are no additional costs linked to this development. The deal's value remains consistent with its initial announcement.

The Al Hilal Club board, led by Nawaf bin Saad, expressed gratitude for the Public Investment Fund's support, which has bolstered the club's institutional development, operational advancements, and commercial capabilities. The board welcomed Kingdom Holding as the new majority owner, anticipating a new chapter that will bolster the club's growth, competitiveness, and investment potential. They aim to expand their local and international footprint while preserving Al Hilal's heritage and meeting fan expectations.

The board affirmed that the acquisition aligns with the sports club's investment and privatization project, endorsed by leadership, as part of Vision 2030's strategy to elevate the sports sector, increase its economic and investment contributions, and ensure the sustainability and growth of clubs.