Riyadh - Mubasher: Kingdom Holding Company has inked a share sale and purchase agreement with the Public Investment Fund (PIF) to acquire a 70% equity in Al Hilal Club Company for an equity valuation of SAR 1.20 billion.
Kingdom Holding will pay SAR 840 million for the majority stake, based on an implied enterprise value of around SAR 1.40 billion, according to a bourse filing.
The transaction remains subject to regulatory approvals, including clearance from the General Authority for Competition, alongside other contractual and internal conditions.
Meanwhile, the Tadawul-listed company stated it will finance the acquisition through its internal resources.
The move aims to strengthen Kingdom Holding’s presence in Saudi Arabia’s growing sports and entertainment sector, aligned with Vision 2030, by leveraging Al Hilal’s strong brand, large fan base, and regional and continental success.
Al Hilal Club Company, incorporated in 2023, generated revenues of SAR 842 million in the fiscal year (FY) 2024/2025.
Alwaleed bin Talal bin Abdulaziz Al Saud, the Chairman of Kingdom Holding, stated: “This acquisition expresses our deep belief in the power of sports as a unifying force and a catalyst for national development.”
“By applying our global investment standards and cultivating strategic partnerships, we will unlock Al-Hilal’s full potential while preserving its history and identity,” the Chairman added.
For his part, Yazeed A. Al Humied, Deputy Governor and Head of MENA Investments at PIF, said: “PIF has proudly helped drive the efforts to transform Saudi Arabia’s sports sector and increase its value proposition for investors while creating lasting results at every level, from players and fans to local communities.”
“PIF has set ambitious goals for the clubs, enabling them to become successful commercially and professionally and achieve long-term financial sustainability,” Al Humied noted.
He emphasized: “Today’s announcement aligns with PIF’s strategy to maximize returns and redeploy capital within the domestic economy.”
In April 2026, Kingdom Holding signed an agreement to acquire a stake in US-based Breakthrough Energy Ventures from Prince Al Waleed bin Talal for SAR 255 million.
