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AlUla to Host Saudi Arabian Equestrian Federation Endurance Cup on Saturday

Over 200 male and female riders will compete in the main race and accompanying events, covering a distance of 120 kilometers. - SPA
Over 200 male and female riders will compete in the main race and accompanying events, covering a distance of 120 kilometers. - SPA
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AlUla to Host Saudi Arabian Equestrian Federation Endurance Cup on Saturday

Over 200 male and female riders will compete in the main race and accompanying events, covering a distance of 120 kilometers. - SPA
Over 200 male and female riders will compete in the main race and accompanying events, covering a distance of 120 kilometers. - SPA

AlUla is set to host the Saudi Arabian Equestrian Federation Endurance Cup on Saturday at AlFursan Equestrian Village fields.

Over 200 male and female riders will compete in the main race and accompanying events, covering a distance of 120 kilometers.
The organizing committee, a collaboration between the Royal Commission for AlUla and the Saudi Arabian Equestrian Federation, has scheduled a veterinary examination for the participating horses today. The race will commence tomorrow, offering a total prize pool of SAR1.5 million, SPA reported.
This marks the fourth endurance race hosted by AlUla in the 2024-2025 season. AlUla will conclude its endurance racing season with the prestigious Custodian of the Two Holy Mosques Cup in February 2025, widely recognized as the world's most expensive endurance race.

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Qatar’s Sovereign Wealth Fund Takes a Stake in Audi’s Future F1 Team

Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - November 29, 2024 Sauber's Guanyu Zhou, Williams' Franco Colapinto and McLaren's Oscar Piastri during practice. (Reuters)
Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - November 29, 2024 Sauber's Guanyu Zhou, Williams' Franco Colapinto and McLaren's Oscar Piastri during practice. (Reuters)
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Qatar’s Sovereign Wealth Fund Takes a Stake in Audi’s Future F1 Team

Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - November 29, 2024 Sauber's Guanyu Zhou, Williams' Franco Colapinto and McLaren's Oscar Piastri during practice. (Reuters)
Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - November 29, 2024 Sauber's Guanyu Zhou, Williams' Franco Colapinto and McLaren's Oscar Piastri during practice. (Reuters)

The sovereign wealth fund of Qatar is acquiring a “significant minority stake” in what will become Audi's works Formula 1 team from 2026, in a deal announced Friday ahead of the Qatar Grand Prix.

A joint statement said the Qatar Investment Authority will be “a long-term investor and partner” and provide “a substantial capital injection” that will help the team expand its infrastructure.

The team is currently competing as Sauber and will be rebranded as the Audi works outfit for 2026 after it reached agreement for a full takeover earlier this year.

“This additional capital will accelerate the team’s growth and is yet another milestone on our long-term strategy,” Audi chief executive Gernot Döllner said in the joint statement.

Qatar is already an investor in the Volkswagen Group, of which Audi is a part.

“QIA believes that Formula 1 is a sport with significant untapped investment potential,” QIA chief executive Mohammed Saif Al-Sowaidi said.

"The increasing commercialization of professional sports as an entertainment offering globally, and the increasingly global popularity of Formula 1, has made for an exciting opportunity for our first major motorsports investment.”

Sauber is changing both its drivers for 2025, as Nico Hülkenberg and rookie Gabriel Bortoleto arrive to replace Valtteri Bottas and Zhou Guanyu. It is the only team yet to score a point this season.