Princess Alwaleed Bin Talal Confirms Full Support for Al Hilal After Acquisition Deal
Prince Alwaleed bin Talal, founder of_bin Talal Foundation, announced his delight at the completion of the acquisition of a majority stake in Al Hilal Saudi club, pledging full support to elevate the nation's name.
Deal Details
The Kingdom Holding Company disclosed via its social media platform that it finalized the purchase of a 70% ownership stake in the club on Tuesday, for a total of approximately 840 million Saudi Riyals, raising the equity value to 1.2 billion Riyals.
Bin Talal clarified in an official post that this partnership comes in close cooperation with the Public Investment Fund, which retains a 30% share, emphasizing that the decision aims to strengthen Al Hilal's status locally and globally.
Historical Context
This shift in ownership structure is a strategic move differing from the fund's full control over other clubs like Al Nassr and Al Ittihad, opening new horizons for sports and investment management in the Saudi league.
Club fans await the practical results of this massive investment in upcoming seasons, as the team strives for regional and international championships.
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