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الاقتصادية
Kingdom Holding Takes 70% of Al Hilal
The Kingdom Holding Company has completed its acquisition of a 70% stake in Al Hilal Club for 840 million riyals, after fulfilling all regulatory requirements set by the Capital Market Authority and the fund. The club’s equity was valued at approximately 1.2 billion riyals, while the overall value of the establishment was around 1.4 billion riyals at the time of the deal in April. The Public Investment Fund retains a 30% stake. The investment aims to expand the company’s presence in the sports and entertainment sector, with a focus on enhancing commercial performance and developing sports infrastructure.
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