
Saudi Pro League club Al-Hilal has been sold by the country’s Public Investment Fund (PIF) in the latest drastic change to its sporting portfolio.
The PIF has sold 70 percent of the club to Kingdom Holding Company, the firm run by Prince Alwaleed bin Talal, a billionaire businessman and member of the Saudi royal family. The deal values the share capital of Al-Hilal at 1.4bn Saudi riyals (£276.1m).