Riyadh – Mubasher: Kingdom Holding Company has completed its acquisition of a 70% stake in Al Hilal Club Company from the Public Investment Fund (PIF).
The transaction was finalized for a total cash consideration of SAR 840 million, which has been paid in full.
The deal follows a share purchase agreement originally signed on 16 April 2026. The final price was determined based on a total equity valuation of SAR 1.20 billion for 100% of the club's shares.
Kingdom Holding confirmed that all closing conditions have been met, including the receipt of necessary regulatory approvals, statements of no-objection, and the fulfillment of internal requirements.
The company stated that there are no additional costs associated with these latest developments beyond the previously disclosed figures.
This transaction marks the conclusion of the process initiated earlier in the year to transfer majority ownership of the sports entity to the investment firm.
