Saudi Billionaire Prince Alwaleed Acquires Majority Stake in Al Hilal Football Club
Saudi billionaire Prince Alwaleed bin Talal has acquired a majority stake in Al Hilal Football Club from the Public Investment Fund. This transaction represents a further step in Saudi Arabia's efforts to privatize its local football league.
dohanews.coSaudi billionaire Prince Alwaleed bin Talal has acquired a majority stake in Al Hilal Football Club, according to @business reported. The stake was purchased from the Public Investment Fund, the sovereign wealth fund of Saudi Arabia. This acquisition marks the next stage in Saudi Arabia's ongoing privatization efforts for its local football league, aiming to increase private sector involvement in the sport.
Al Hilal Football Club is one of the prominent football clubs in Saudi Arabia. The transfer of ownership from a government fund to a private individual reflects the broader strategy to develop and commercialize the Saudi football league system. No financial terms of the deal were disclosed in the report.
“The acquisition marks the next stage of Saudi Arabia's privatization efforts for its local league.”
Story Timeline
1 event- 2026-04-16
Prince Alwaleed bin Talal acquires majority stake in Al Hilal Football Club from the Public Investment Fund.
1 source@business
Potential Impact
- 01
Increased private ownership in Saudi football clubs could accelerate commercialization and league development.
Transparency Panel
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