| Introduction | Kingdom Holding Company ("KHC") is pleased to announce that all conditions precedent to the acquisition of 70% of shares of Al Hilal Club Company (the "Transaction") from the Public Investment Fund ("PIF") have been satisfied, the consideration has been paid in full, and the Transaction has been duly executed and completed. |
| Previous Announcement | 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) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-04-16 Corresponding to 1447-10-28 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | As at 1-Sep-2026, all conditions precedent to the Transaction as set out in the share sale and purchase agreement dated 16 April 2026 have been duly satisfied, including receipt of all required regulatory approvals and no-objection statements, and satisfaction of all corporate internal conditions. The full consideration of SAR 840 million (representing 70% of the equity valuation of SAR 1.2 billion) has been paid by KHC to PIF. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | No new costs are associated with this update. The Transaction value remains at the previously communicated consideration of SAR 840 million (representing 70% of the equity valuation of SAR 1.2 billion). |
