PIF sells Al Hilal stake as Saudi league opens to private capital
Saudi Arabia’s Public Investment Fund is selling a majority stake in Al Hilal Football Club to Prince Alwaleed bin Talal, in a $373m transaction that advances the kingdom’s sports privatisation.
Kingdom Holding will acquire a 70% stake in one of Saudi Arabia’s most prominent football clubs, while PIF will retain a minority position as it gradually reduces direct ownership in domestic teams.
The announcement confirms an earlier Bloomberg report that Prince Alwaleed was in discussions with Al Hilal to purchase the stake.
PIF will move from direct c…
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