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business1d ago
Saudi sovereign wealth fund sells 70% stake in Al-Hilal soccer club
- PIF sells a 70% stake in Al-Hilal to Kingdom Holding Company, transferring majority control.
- The sale reflects PIF’s strategy to redeploy capital within Saudi Arabia’s domestic economy.
- Al-Hilal is among clubs previously controlled by PIF, which also has stakes in other Saudi teams and Newcastle.
- The deal arrives as speculation rose about PIF’s backing of LIV Golf amid 2026 season plans.
- The sale coincides with broader moves in Saudi sports investment and development.
- Al-Hilal remains a leading Saudi club with a history of success despite ownership changes.
- The Public Investment Fund stated the move aims to develop and diversify Saudi sports.
- Kingdom Holding Company is led by Prince Alwaleed bin Talal, a member of the Saudi royal family.
- Effect on fans and schedule remains aligned with ongoing Saudi sports expansion.
- Transaction highlights the trend of consolidating sports assets under domestic economic aims.
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