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Newcastle United Backers PIF Release Statement on Al-Hilal After Selling Stake
The deal values the Saudi Pro League club at 1.4 billion riyals as PIF shifts capital into the domestic economy, officials said.
- On Thursday, the Public Investment Fund announced it sold a 70% stake in Al-Hilal to Kingdom Holding Company , valuing the Saudi Pro League club at 1.4 billion Saudi riyals.
- This transaction aligns with the PIF's strategy to "maximize returns and redeploy capital within the domestic economy," according to a statement released Wednesday.
- Kingdom Holding Company, led by Prince Alwaleed Bin Talal, will unlock Al-Hilal's potential; the club has won a record 21 Saudi league titles, and Bin Talal previously covered Karim Benzema's transfer.
- The sale coincides with reports that the PIF may pull funding from LIV Golf, which has reportedly lost billions since its inception four years ago.
- Completion of the Al-Hilal deal remains subject to necessary regulatory approvals, as the PIF continues efforts to diversify Saudi Arabia's economy and accelerate domestic sports club development.
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38 Articles
Al-Hilal sold — Who is the new majority-stake owner?
In a statement on Thursday, the investment fund said the sale of Al-Hilal “aligns with PIF’s strategy to maximise returns and redeploy capital within the domestic economy” in its wider bid to drive “the development and diversification of Saudi Arabia.”
·India
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Saudi sovereign wealth has sold 70% of its shares in the Saudi club of Al-Hilal, where Karim Benzema has played since early 2026. The new majority shareholder is also Saudi.
·Paris, France
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Coverage Details
Total News Sources38
Leaning Left9Leaning Right5Center5Last UpdatedBias Distribution48% Left
Bias Distribution
- 48% of the sources lean Left
48% Left
L 48%
C 26%
R 26%
Factuality
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