Saudi wealth fund sells Al-Hilal stake

The Saudi sovereign wealth fund has divested its majority stake in one of the kingdom's premier soccer teams, Al-Hilal. The fund sold 70% of its ownership in the club, which is a dominant force in the Saudi Pro League. This move is part of broader economic reforms under Saudi Vision 2030, which aims to diversify the kingdom's economy and reduce its reliance on oil revenues. The transaction represents a significant shift in the ownership structure of a major cultural and sporting asset.