SRC to sponsor Al-Ittihad football club for 3 years

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The pact includes commercial and marketing rights that would benefit both sides, according to statements from the parties. (Supplied)
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The pact includes commercial and marketing rights that would benefit both sides, according to statements from the parties. (Supplied)
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Updated 06 July 2023
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SRC to sponsor Al-Ittihad football club for 3 years

  • Kingdom’s Public Investment Fund owns the SRC
  • Pact ‘supports Vision 2030’s economic, health plans’

RIYADH: The Saudi Real Estate Refinance Co. has signed a deal to sponsor Al-Ittihad football club for the next three years.

The pact includes commercial and marketing rights that would benefit both sides, according to statements from the parties. The SRC is wholly owned by Saudi Arabia’s Public Investment Fund.

Majeed Fahad Alabduljabbar, deputy CEO of the SRC, said: “The sponsorship is part of SRC’s support for the development of the Kingdom’s thriving sports sector and the key objectives of Vision 2030’s Quality of Life Program to promote sporting activity.

“Sports and entertainment have become increasingly prominent to the Saudi economy and play a crucial role in the country’s future development, making it an attractive destination across various industries. We take great pride in being part of the Kingdom’s sports sector development.”

Abdulwahab Abed, CEO of Al-Ittihad, said: “This partnership with SRC would foster the club’s expansion and provide support for its domestic and international endeavors moving forward.”

The SRC was established in 2017 and obtained a license from the Saudi central bank to operate in real estate refinancing through the secondary market.


Napoli cruise past Milan to book Italian Super Cup final spot in Riyadh

Updated 19 December 2025
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Napoli cruise past Milan to book Italian Super Cup final spot in Riyadh

  • Napoli make second Super Cup final in new four-team format, which was introduced in the Kingdom in 2023
  • Milan rue missed chances as Rafael Leao’s absence due to knock proves costly

RIYADH: On one of the coldest evenings of the year in Riyadh, the atmosphere inside Al-Awwal Park was anything but subdued. Thousands of fans braved the conditions to witness another major chapter in Saudi Arabia’s growing international calendar, as Napoli and AC Milan went head-to-head in the first semi-final of the 2025/26 Italian Super Cup. 

It wasn’t to be for I Rossoneri, as goals from David Neres and Rasmus Hojlund proved decisive for Napoli, sending them into the Super Cup final for the second time in the new four-team format after missing out on last year’s edition. 

Backed by raucous Forza Milan chants, Milan nearly opened the scoring in the fifth minute when Ruben Loftus-Cheek tested Vanja Milinkovic-Savic, who reacted sharply to make a vital save.

Napoli responded with a spell of pressure of their own, but were repeatedly denied by a well-organised Milan defence.

Milan came close again in the 34th minute, as Adrien Rabiot was found inside the six-yard box from a dipping cross, only for his effort to fly over Milinkovic-Savic.

They would keep that momentum going as just a few minutes later, a swift counter-attack led by Alexis Saelemaekers found Christopher Nkunku on the edge of the box, though his strike also flew over goal.

Napoli punished Milan’s missed chances in the 39th minute. A low pass from Rasmus Hojlund across the box was parried by Mike Maignan straight into the path of David Neres, who made no mistake slotting the ball into the open net.

Napoli pushed for a second before the interval, with Hojlund testing Maignan again, who turned the striker’s effort behind for a corner. The Milan goalkeeper was called into action once again in the second half, producing a strong save to deny Amir Rrahmani.

Yet it was another powerful strike that finally broke past the Frenchman, with Rasmus Hojlund capitalising on a deep through ball from Leonardo Spinazzola to extend Napoli’s lead in the 63rd minute and tighten their grip on the game.

Milan fans briefly found a lift in the 75th minute when Luka Modric came out to a standing ovation, though it proved to be their only notable moment of the second half. Despite enjoying spells of possession, Massimiliano Allegri’s side were unable to break through and exited the tournament after just 90 minutes.

Napoli will now turn their attention to the final, where they will look to lift the Italian Super Cup for the third time in their history. For Riyadh, the semi-final marked another night of elite European football, with fans set to witness more action in tomorrow’s semi-final between Bologna and Inter Milan.