In a significant move underscoring continued royal-family collaboration in the Kingdom’s development, the Public Investment Fund (PIF) has entered into a binding agreement to sell a 70 percent controlling stake in Al Hilal Football Club to Kingdom Holding Company, chaired by His Royal Highness Prince Al Waleed bin Talal bin Abdulaziz Al Saud.

The transaction values the club at SAR 1.4 billion (approximately US$373 million).

Upon regulatory approval, the PIF, chaired by His Royal Highness the Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud, will retain a 30 percent minority stake.

Al Hilal, Asia’s most decorated club and a national sporting icon with a record 21 Saudi Pro League titles, has flourished under PIF stewardship since 2023.

Prince Al Waleed, one of the Kingdom’s most prominent international investors and a senior member of the Al Saud royal family, brings his extensive global expertise to the club through Kingdom Holding Company.

Commenting on the acquisition, Prince Alwaleed described Al Hilal as “a national symbol and a source of pride for the Saudi people,” highlighting the club’s role in uniting the nation through sport.

This landmark privatisation marks the first major divestment from the PIF’s four flagship Saudi Pro League clubs and represents another milestone in implementing Saudi Vision 2030, further empowering the private sector in the Kingdom’s sports and entertainment ecosystem.