Al-Mamlaka Holding Company and the Public Investment Fund announced today the signing of a binding share purchase agreement, through which the company acquired a majority stake in Al-Hilal Investment Club Company.
Al-Mamlaka Holding Company has acquired 70% of the total capital of Al-Hilal Club Company, which is one of the most prominent sports clubs in the Kingdom of Saudi Arabia and the Asian continent.
This deal aligns with the Public Investment Fund’s strategy aimed at maximizing returns and reinvesting capital into the local economy. This strategy supports the Fund’s efforts to drive sustainable development and diversify the local economy.
The acquisition by Al-Mamlaka Holding Company represents a strategic step to enhance the company’s presence in the sports and entertainment sector and to support Al-Hilal Club’s journey of achievements on both the domestic and continental levels.
