premargin

Element List	Explanation
Introduction	Kingdom Holding Company (“KHC”) announces the signing of a share sale and purchase agreement with the Public Investment Fund (“PIF”) to acquire 70% of shares of Al Hilal Club Company (the “Transaction”).
Transaction Details	KHC is pleased to announce the signing of a share sale and purchase agreement with PIF, under which it will acquire 70% of shares of Al Hilal Club Company, subject to obtaining the necessary regulatory approvals. The implied enterprise value is approximately SAR 1.4 billion, with an equity valuation of SAR 1.2 billion.
Transaction Amount	The Transaction is executed at an implied enterprise value of approximately SAR 1.4 billion and an equity valuation of SAR 1.2 billion (representing 100% of the Al Hilal Club Company’s equity). Accordingly, the consideration for the acquisition of a 70% stake amounts to SAR 840 million.
Transaction Conditions	The completion of the Transaction is subject to various terms and conditions as follows: • Obtaining the required approvals or no-objection statements from, and submitting required notifications to, the relevant regulatory authorities, including the General Authority for Competition • Satisfaction of other conditions and corporate internal approvals in accordance with the share sale and purchase agreement.
Parties of the Transaction	1- Kingdom Holding Company 2- Public Investment Fund
Transaction Financing Method	Kingdom Holding Company intends to fund the value of the Transaction through its internal resources
Date of Entering Into The Transaction	2026-04-16 Corresponding to 1447-10-28
Description of Activity of The Asset Subject of The Transaction	About Al Hilal Club Company: Al Hilal Club Company was incorporated in 2023, and Al Hilal Club was Founded in 1957. It is the most decorated football club in Saudi Arabia, having achieved the following: • 90 official titles • 4 AFC Champions League titles • 21 Saudi League championships • A historic FIFA Club World Cup run, finishing as global runners-up in 2022 Al Hilal Club boasts one of the largest fan bases in the Middle East and remains one of the region’s most influential sports brands.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	The Revenue from main activities of Al Hilal Club Company for the last three years are as follows: • For the year ended 30 June 2025: SAR 842 million • For the year ended 30 June 2024: SAR 659 million • For the year ended 30 June 2023: SAR 413 million
Transaction reasons	The acquisition of Al Hilal Club Company is a strategic move to expand Kingdom Holding Company’s presence in the rapidly growing sports and entertainment sector in Saudi Arabia. It aligns with the objectives of Vision 2030. Al Hilal’s strong brand value, large fan base, and proven success in regional and continental championships is expected to offer significant long-term commercial opportunities. This investment also supports the development of a professionally managed sports ecosystem within the Kingdom of Saudi Arabia.
Expected Impact of the Transaction on the Company and Its Operations	Kingdom Holding Company is an investment holding company with investments across various sectors such as hospitality, banking, and technology among others. Under KHC’s umbrella, Al Hilal Club Company will focus on enhancing its commercial performance, expanding its international partnerships, and developing world-class sports infrastructure.
Related Parties	Public Investment Fund (a substantial shareholder of Kingdom Holding Company, holding 16.865% of the KHC’s issued shares). In addition, Abdulmajeed Alhagbani, a director of KHC, has an indirect interest, by virtue of his capacity as a member of the board of directors of KHC, and his holding of an executive position at the PIF.
Additional Information	Please see the attached press release for additional information.
Attached Documents	Attached Documents

Kingdom Holding Company announces the signing of a share sale and purchase agreement with the Public Investment Fund to acquire 70% of shares of Al Hilal Club Company for an equity valuation of SAR 1.2 billion (representing 100% of the Company’s equity)