Kingdom Holding Buys 70% of Al-Hilal Club

Kingdom Holding Company has completed the acquisition of a 70 percent stake in Al-Hilal Club Company from the Public Investment Fund, in a landmark move within the ongoing commercialization of Saudi sports. The binding share sale and purchase agreement was signed in April 2026, subject to regulatory approvals and closing conditions.

The transaction values the stake at SAR 840,000,000, based on an equity valuation of SAR 1,200,000,000 (SAR 1.2 billion) for 100 percent of Al-Hilal Club Company and an implied enterprise value of SAR 1,400,000,000 (SAR 1.4 billion). Following completion, Kingdom Holding holds 70 percent of the club company, while the Public Investment Fund retains the remaining 30 percent.

Why it matters

Public disclosures describe the deal as part of the sports club privatization and commercialization program under Saudi Vision 2030. The move shifts Al-Hilal from majority sovereign wealth fund ownership to private corporate control, marking a significant step in bringing private capital and corporate governance into the Kingdom's leading football clubs.

The transaction is framed as a corporate merger-and-acquisition deal between two entities and does not involve individual consumer procedures. As of early September 2026, no new fees, subscription prices, or validity periods have been reported for fan memberships, season tickets, or other consumer services tied to this ownership change.

There are also no publicly detailed changes to ticketing channels, government e-service platforms, or regulatory validity periods for attending Al-Hilal matches specifically linked to the acquisition. Officials describe the change primarily as an ownership and governance restructuring at the club level, announced through capital-market and corporate disclosure channels alongside the club's official announcements.

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