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Almamlakah completes 70% stake in Al Hilal
Kingdom Holding Company has announced the completion of the acquisition of a 70% stake in Al Hilal Club for a total value of 840 million Saudi Riyals, after the payment was made to the Public Investment Fund and all regulatory and financial conditions were met. The club's enterprise value, based on the assessment, stands at 1.2 billion Riyals. All regulatory requirements were finalized by September 1, 2026, with confirmation that there are no additional costs. This move aims to strengthen investments in the sports sector within the Kingdom and to solidify the partnership between investment companies and the Public Investment Fund.
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