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The story and speculation conclude
Kingdom Holding Company completed its acquisition of 70% of Al Hilal Club's shares from the Public Investment Fund, for 840 million SAR, according to the sale agreement signed last April. The full amount has been paid after all regulatory and internal conditions were met. The club’s total valuation is 1.4 billion SAR, while Hilal's equity stands at 1.2 billion SAR. The announcement concludes that the deal ends speculation and confirms Kingdom Holding's majority stake in the club.
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