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

Kingdom Holding Company has announced the completion of all procedures related to its acquisition of a 70% stake in Al Hilal Club, 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 non-objection certificates, as well as fulfilled all internal conditions stipulated in the agreement dated April 16, 2026.

Kingdom Holding stated that it has paid the full transaction amount to the Public Investment Fund, noting that there are no new costs associated with these developments and that the deal value remains as previously announced.

The board of Al Hilal Club, chaired by Nawaf bin Saad, expressed appreciation for the support and empowerment provided by the Public Investment Fund, which has contributed to the club's institutional transformation, development of operations, and enhancement of commercial and operational capabilities.

The board welcomed Kingdom Holding as the new majority owner and looks forward to a new era that will strengthen the club's growth, competitiveness, and investment potential, expand its local and international presence, and preserve Al Hilal's legacy and identity while meeting fans' aspirations.

The board affirmed that the completion of the acquisition aligns with the objectives of the sports clubs investment and privatization project, which enjoys the support of the leadership, as part of Vision 2030 to develop the sports sector, boost its economic and investment contribution, and enable clubs to achieve sustainability and growth.