Alwaleed bin Talal completes 70% acquisition of Al Hilal, pledges full support

Alwaleed bin Talal announced on Tuesday the completion of Kingdom Holding Company’s acquisition of a 70% stake in Al Hilal Football Club, in partnership with the Public Investment Fund, which holds the remaining 30%.

In a post on his X account, Alwaleed bin Talal said: “My brother and friend, Crown Prince Mohammed, today at 3:56 we completed the acquisition of 70% of Al Hilal, in partnership with the state represented by the Public Investment Fund at 30%. I affirm to my brother the full support of Kingdom Holding Company, and my own absolute and unwavering support for Al Hilal’s needs, so that our flag may be raised high.” He announced the deal was finalized today at 3:56.

Kingdom Holding Company also announced it had completed all procedures related to its acquisition of 70% of Al Hilal’s shares, following the signing of a share purchase agreement with the Public Investment Fund.

Al Hilal’s equity was valued at 1.2 billion riyals (SAR), with the transaction amounting to 840 million riyals, representing 70% of the total valuation. The company confirmed it had obtained all regulatory approvals and no-objection certificates, as well as fulfilled all internal conditions stipulated in the agreement dated April 16, 2026.

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