Kingdom Holding Company took a controlling 70% stake in Al-Hilal from the Public Investment Fund. The deal was agreed in April 2026 and completed in early September 2026.
| Kingdom Holding Company | 70%, bought for SAR840 million ($224 million) |
|---|---|
| Public Investment Fund | 30% |
| Equity value | SAR1.2 billion ($319 million) |
| Kingdom Holding’s own owners | Prince Alwaleed bin Talal 78.1%; the PIF owns 16.9% |
| President | Prince Nawaf bin Saad |
| Chief executive | Esteve Calzada |
| Sporting director | Richard Hughes |
How it got here
In 2023 the PIF took 75% of Al-Hilal, Al-Nassr, Al-Ittihad and Al-Ahli, with club foundations holding the other 25%. Weeks before the sale, the Ministry of Sport moved the foundation’s 25% to the PIF. Al-Hilal is the first of the four where the PIF has sold down.
The money
Al-Hilal reported revenue of SAR1.27 billion for 2024-25, up 17%, which the club and Kingdom Holding call the highest for a Saudi sports organisation.
Sources
PIF sells $224m stake in Al-Hilal to Kingdom Holding (Inside World Football, 2 September 2026); Al Hilal SFC (Wikipedia).
