AS&H Clifford Chance has advised PIF on its sale of a 70% stake in Al-Hilal, one of the top football clubs in Saudi Arabia and Asia, to KHC. PIF and KHC have entered into a share sale and purchase agreement, which is based on an implied enterprise value of SAR 1.4 billion, and an equity valuation of SAR 1.2 billion for 100% of Al-Hilal. Pursuant to the shares sale and purchase agreement, KHC will become the 70% shareholder of Al-Hilal upon the completion of the transaction.

PIF has been the major shareholder of Al-Hilal since July 2023, under the Saudi Sports Clubs Investment and Privatization Project.

The team advising PIF was led by Partner and Head of Corporate Majid Al-Sheikh, who was supported by Counsel Aysh-Ahmed Chaudhry, Senior Associate Muhammad Ansab and Associates Abdulaziz Almubarak, Aljawharah Alsadoon and Nawaf Bin Methem.