10 Hrs
Source:
البلاد
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Kingdom Holding Buys 70 Percent of Al Hilal
Saudi Kingdom Holding Company announced the completion of its acquisition of 70% of Al Hilal Club's shares after paying 840 million riyals, in accordance with an agreement with the Public Investment Fund, which retains a 30% stake. This deal is part of efforts to develop the sports sector and enhance the club's financial and competitive capabilities, aligning with the goals of Saudi Vision 2030. It aims to enable Al Hilal to achieve sustainable growth both locally and globally, while preserving its identity and heritage. Kingdom Holding's investment is seen as a continuation of initiatives to support and develop sports clubs, representing an important step toward building a sustainable sports and investment model that contributes to achieving Saudi Arabia's sports and economic aspirations.
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