09:53 AM EDT, 09/01/2026 (MT Newswires) -- Kingdom Holding (SASE:4280) completed its acquisition of a 70% stake in Al Hilal Club Co from Saudi Arabian sovereign wealth fund Public Investment Fund, according to a Tuesday release. The completion follows the investment management company's fulfillment of all conditions tied to the deal, including the required regulatory approvals and no-objection statements, as well as corporate internal conditions. Under the share sale and purchase agreement announced in April, Kingdom Holding paid a consideration of 840 million Saudi riyals, representing 70% of the target's 1.2 billion-riyal equity valuation.

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