The Associated Press- Sports on MSN: Saudi sovereign wealth fund sells 70% stake in Al-Hilal soccer club

RIYADH, Saudi Arabia (AP) — The Saudi sovereign wealth fund has sold its majority stake in one of the kingdom’s top soccer teams, Al-Hilal. The Public Investment Fund announced it was selling a 70% ...

AOL: Saudi sovereign wealth fund sells 70% stake in Al-Hilal soccer club

Saudi Arabia is a sparsely populated kingdom in the Middle East, known for its oil industry and ruled by the Saud family that embraced the conservative Wahhabi Islamic movement in the 18th century.

Saudi Arabia was founded in 1932 by King Abdulaziz, who united Hejaz, Najd, parts of Eastern Arabia and South Arabia (Asir) into a single state through a series of military and political campaigns beginning in 1901. The country has since been governed as an absolute monarchy under the House of Saud. [21] .

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Discover Saudi Arabia. Explore Saudi Arabia facts, culture, history & comprehensive country profile with maps, statistics & research resources for students & travelers.

The outline map above represents the country of Saudi Arabia in the Middle East. The map can be downloaded, printed, and used for coloring or educational purpose.

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