Saudi marketUpdated 3h ago

Al Hilal posts September revenue under new owner.

September was the first month after Kingdom Holding acquired 70% of Al Hilal’s club company. Asharq Business with Bloomberg reported that the club recorded 173.1 million riyals in revenue that month, and that the acquisition had begun affecting the holding group’s financial results. In a separate report, Al Jazeera put Al Hilal’s September revenue above 41 million euros and its profit at about 8 million euros. Those revenue and profit figures are for the club; the other reported effect is the acquisition showing up in the holding group’s results. It’s an early financial snapshot of both the club and its new majority owner.

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