Kingdom Holding Company (KHC) has signed an agreement with Saudi Arabia’s Public Investment Fund (PIF) to acquire a 70% stake in Al-Hilal Football Club company. The deal, valued at SAR 840 million, marks a significant move by the investment giant into the Kingdom’s booming sports and entertainment sector.
Quick Facts
- Deal Value: SAR 840 million for a 70% stake.
- Al-Hilal Valuation: Implied equity value of SAR 1.2 billion.
- Funding Source: Financed entirely from KHC’s internal resources.
The Financial Play: A SAR 1.2 Billion Valuation
The transaction is based on a full equity valuation of Al-Hilal at SAR 1.2 billion, with a total enterprise value estimated at SAR 1.4 billion. KHC confirmed that the acquisition will be financed using its own funds.
The deal’s completion remains subject to customary closing conditions, including approvals from regulatory bodies such as the General Authority for Competition.
Al-Hilal’s Revenue Growth Trajectory
Al-Hilal, officially established as a company in 2023, continues the legacy of the club founded in 1957. The club’s financial data shows a strong upward trend in revenue over the past three fiscal years.
Revenue grew from SAR 413 million in the fiscal year ending June 2023 to SAR 659 million in 2024. The figure reached SAR 842 million for the year ending in June 2025, demonstrating consistent commercial growth.
A Strategic Play into Saudi’s Sports Economy
For Kingdom Holding, this acquisition is a strategic expansion into Saudi Arabia’s sports and entertainment industry, a key pillar of the country’s Vision 2030 agenda. The company aims to leverage Al-Hilal’s powerful brand and massive fanbase across Saudi Arabia and the Middle East.
KHC stated the investment is geared towards building a professional management system for sports clubs and capitalizing on long-term investment opportunities within the sector.
About Kingdom Holding Company
Founded in 1980, Kingdom Holding Company is a publicly listed investment firm based in Riyadh, Saudi Arabia. Chaired by HRH Prince Alwaleed Bin Talal Al Saud, KHC has a diversified portfolio of investments in sectors ranging from hospitality and real estate to technology and media both locally and internationally.
Source: Jawlah
