1 Day
Source:
الرياضية
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Kingdom Holding Buys 70% of Al Hilal
Almarai Holding Company announced the completion of its acquisition of a 70% stake in Al-Hilal Club after fully paying the amount of 840 million Saudi Riyals, which represents 70% of the equity value of 1.2 billion Riyals. The deal was finalized after satisfying all internal and regulatory conditions outlined in the sale agreement, including obtaining the necessary approvals. This was stated in an official announcement on the Saudi Tadawul platform, confirming that the transaction reflects an investment of approximately 1.4 billion Riyals in the club.
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