The signing ceremony
Kingdom Holding Co. (KHC) signed today, April 16, a share purchase agreement (SPA) with the Public Investment Fund (PIF) to acquire a 70% stake in Al Hilal Saudi Club Co.
The transaction was executed based on an enterprise value of about SAR 1.4 billion and an equity valuation of SAR 1.2 billion, representing 100% of Al Hilal Club’s equity, with the consideration for the 70% stake amounting to SAR 840 million, the company said in a statement on Tadawul.
The deal was executed based on an enterprise value of about SAR 1.4 billion and an equity valuation of SAR 1.2 billion, representing 100% of the club’s equity.
Accordingly, the consideration for the 70% stake amounts to SAR 840 million, the company said in a statement on Tadawul, adding that Kingdom Holding will finance the transaction through its internal resources.
Al Hilal Saudi Club was established in 2023, while Al Hilal football club was founded in 1957. It is the most decorated football club in Saudi Arabia and enjoys a wide fan base across the Middle East, remaining one of the region’s most influential sports brands.
The signing ceremony
Kingdom Holding Co. (KHC) signed today, April 16, a share purchase agreement (SPA) with the Public Investment Fund (PIF) to acquire a 70% stake in Al Hilal Saudi Club Co.
The transaction was executed based on an enterprise value of about SAR 1.4 billion and an equity valuation of SAR 1.2 billion, representing 100% of Al Hilal Club’s equity, with the consideration for the 70% stake amounting to SAR 840 million, the company said in a statement on Tadawul.
The deal was executed based on an enterprise value of about SAR 1.4 billion and an equity valuation of SAR 1.2 billion, representing 100% of the club’s equity.
Accordingly, the consideration for the 70% stake amounts to SAR 840 million, the company said in a statement on Tadawul, adding that Kingdom Holding will finance the transaction through its internal resources.
Al Hilal Saudi Club was established in 2023, while Al Hilal football club was founded in 1957. It is the most decorated football club in Saudi Arabia and enjoys a wide fan base across the Middle East, remaining one of the region’s most influential sports brands.
