Billionaires

Billionaire Saudi Prince Alwaleed Buys Al Hilal Football Club

Al Hilal FC players ahead of their AFC Champions League Elite match against Al Sadd SC, on April 13.Photographer: Abdullah Ahmed/Getty Images

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By Omar El Chmouri

April 16, 2026 at 2:33 PM UTC

Saudi billionaire Prince Alwaleed bin Talal is set to acquire a majority stake in Al Hilal Football Club from the Public Investment Fund, marking the next stage of the kingdom’s privatization efforts for its local league.

The deal values Al Hilal at 1.4 billion riyals ($373.2 million), according to a statement. The prince’s conglomerate Kingdom Holding Co. is set to own 70% of the club after regulatory approvals, and the PIF will remain a minority shareholder. The $1 trillion wealth fund also owns a stake in Kingdom Holding.