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The Independent UK
The Independent UK
Sport
Will Castle

Saudi PIF sell Al-Hilal in another drastic change to sporting portfolio

Al-Hilal have been sold by the Saudi PIF - (Getty)

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).

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