Billionaires

Saudi Prince Alwaleed in Talks With PIF to Acquire Al Hilal FC

Prince Alwaleed bin Talal at his office in Riyadh, on Wednesday, April 23, 2025.Photographer: Iman Al-Dabbagh/Bloomberg

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By Devon Pendleton and Yassmin Jabri

September 2, 2025 at 5:20 PM UTC

Saudi billionaire Prince Alwaleed bin Talal is in talks with the Public Investment Fund to acquire a majority of Al Hilal Football Club, in what would mark one of the most high-profile privatization efforts in the kingdom’s football sector.

The founder of Saudi conglomerate Kingdom Holding Co. is negotiating with the sovereign wealth fund for its 75% stake, according to people familiar with the matter, who asked not to be identified discussing private information.