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Sanabil Investments announces partnership of Saudi Arabia's Al Hilal Saudi Club

Riyadh - June 13, 2023: Sanabil Investments a wholly owned company by Public Investment Fund (PIF) signed a partnership agreement with the Saudi Arabia's Al Hilal Saudi Club over the next three seasons, which will see Sanabil Investment's logo be on the sleeve of Al-Hilal's first team football jersey.

The agreement was signed by Abdullah Abduljabbar, CEO of Sanabil Investments, and Abdullah Aljarbou, CEO of Al Hilal Saudi Club, in the presence of a number of members of the club's Board of Directors and executive representatives from both parties.

This announcement comes as Saudi Arabia steps up its efforts to expand investment in key sectors such as sports. The aim is to enhance contributions to the Saudi economy in line with aspirations of Vision 2030.

"We are very pleased to sign the partnership agreement with Al Hilal Saudi Club, in line with our commitment to develop a diversified national economy and build a vibrant community, through partnership of sports and entertainment events, empowering youth and enhancing the efforts undertaken to achieve the 'Quality of Life' goals under Vision 2030," said Abdullah Abduljabbar, CEO of Sanabil Investments.

"This partnership also embodies Sanabil Investments strong belief in the importance of promoting sports club sustainability initiatives and supporting the national sports strategy, which aims to develop the clubs economically and improve its financial position, enabling them to make outstanding achievements and participate in local and international sporting competitions."

Abdullah Aljarbou, CEO of Al Hilal Saudi Club added: "This is an important partnership with Sanabil Investment, and we strongly believe that all parties will benefit tremendously from it, including our passionate supporters, partners and the investment community as a whole as well."

Sanabil is a financial investment company, wholly owned by the Public Investment Fund (PIF) that commits more than USD 3 billion in capital per annum into global private investments that include VC/growth. Sanabil is a dynamic, nimble, and highly experienced team of investment professionals. The Company provides partners with patient capital, the ability to invest across multiple funding rounds, and access to the region. At Sanabil, we invest in great ideas, great minds, and great companies.