Kingdom Holding completes SR840 million acquisition of 70% stake in Al Hilal
RIYADH — Kingdom Holding Company (KHC) has completed its acquisition of a 70% stake in Al Hilal Club Company from the Public Investment Fund (PIF) for SR840 million.The transaction was completed on Tuesday after all regulatory approvals, no-objection requirements and corporate conditions were satisfied, KHC said in a disclosure to the Saudi Exchange.Under the deal, KHC becomes Al Hilal's…
We haven't written up this one. Saudi Gazette Business has the full story — the link below goes straight to it.
