Al Hilal sold by Saudi Arabia’s Public Investment Fund to Kingdom Holding Company

Key Points:

• Saudi Arabia’s Public Investment Fund (PIF) has sold a 70% stake in Al Hilal football club to Kingdom Holding Company, owned by Prince Alwaleed Bin Talal, valuing the club at SAR1.4 billion ($373 million).
• Al Hilal is one of Saudi Arabia’s most successful clubs, currently second in the Saudi Pro League, with 19 league titles and high-profile players including Karim Benzema and Darwin Nunez.
• The sale is part of PIF’s strategy to maximize returns and redeploy capital within the domestic economy, following a new five-year strategic plan focused on domestic objectives approved by Crown Prince Mohammed bin Salman.
• Kingdom Holding Company aims to unlock Al Hilal’s full potential while preserving its history, viewing the club as a national symbol and a catalyst for national development through sports.
• Al Hilal was one of four Saudi Pro League clubs majority-owned by PIF, which has recently faced scrutiny over its sports investments, including potential funding cuts to LIV Golf.