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Gaming and Tech Leaders Discuss Sector's Future at Riyadh's NGSC 2025

The opening session discussed Saudi Vision 2030's impact on establishing the Kingdom as a global esports hub - SPA
The opening session discussed Saudi Vision 2030's impact on establishing the Kingdom as a global esports hub - SPA
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Gaming and Tech Leaders Discuss Sector's Future at Riyadh's NGSC 2025

The opening session discussed Saudi Vision 2030's impact on establishing the Kingdom as a global esports hub - SPA
The opening session discussed Saudi Vision 2030's impact on establishing the Kingdom as a global esports hub - SPA

Riyadh is hosting the New Global Sport Conference (NGSC 2025), organized by the Esports World Cup Foundation, coinciding with the conclusion of the Esports World Cup.

Participants explored advancements in gaming, esports, and sports across several sessions focused on investment, technology, tourism, intellectual property, and talent empowerment, highlighting the Kingdom's influential role in this sector, SPA reported.

The opening session discussed Saudi Vision 2030's impact on establishing the Kingdom as a global esports hub.

Ubisoft CEO Yves Guillemot outlined the company's legacy and emphasized the Kingdom's attractiveness for investment and creativity.

Deputy Representative of the UNICEF Gulf Area Office Jumana Haj Ahmad noted that partnerships with international institutions enhance the gaming industry's social impact. CEO of the Saudi Esports Federation (SEF) Rawan AlButairi stated that audiences are now active participants in esports, with the federation promoting this engagement.

Additional insights came from leaders of major companies, including Electronic Arts, Krafton, Ubisoft, and Tencent. Head of Esports at Electronic Arts Monica Dinsmore marked the Kingdom's significance as a hub for international gaming, emphasizing its investment-friendly environment.

CEO of Esports World Cup Foundation Ralf Reichert discussed national identity as soft power, with Saudi Arabia serving as a model for other nations.

The day concluded with discussions on intellectual property, where CEO of Twitch Dan Clancy stressed its strategic importance in competition, and President and Chief Operating Officer at SEGA Shuji Utsumi emphasized protecting innovation for sustainability.

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Kingdom Holding to Acquire Majority Stake in Al-Hilal

The deal values the share capital of Al-Hilal at 1.4 billion Saudi riyals. Photo: PIF
The deal values the share capital of Al-Hilal at 1.4 billion Saudi riyals. Photo: PIF
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Kingdom Holding to Acquire Majority Stake in Al-Hilal

The deal values the share capital of Al-Hilal at 1.4 billion Saudi riyals. Photo: PIF
The deal values the share capital of Al-Hilal at 1.4 billion Saudi riyals. Photo: PIF

Kingdom Holding Company has signed a binding agreement to acquire a 70% stake in Saudi Pro League soccer club Al-Hilal, Saudi Arabia’s Public Investment Fund (PIF) said on Thursday.

The deal values the share capital of Al-Hilal at 1.4 billion Saudi riyals ($373.20 million). The agreement supports PIF's ⁠strategy of maximizing ⁠returns while recycling capital back into the local economy.

Since July 2023, the PIF has been the principal shareholder in Al-Hilal as part of a wider initiative aimed at accelerating ⁠the development of sports clubs and boosting the sports sector’s contribution to the Kingdom’s gross domestic product.

Chairman of Kingdom Holding Company Prince Al Waleed bin Talal said: “Al-Hilal Club represents a national symbol and a source of pride. Our acquisition reflects our deep belief in the role of sport as a developmental force for both the economy ⁠and ⁠society.”

Al-Hilal, who have been top-flight champions 19 times, are second in the Saudi Pro League on 68 points from 28 games, eight points off Al Nassr with a match in hand.

Deputy Governor and Head of MENA Investments at PIF Yazeed Al-Humied, said: “PIF has proudly helped drive the efforts to transform Saudi Arabia’s sports sector and increase its value proposition for investors while creating lasting results at every level, from players and fans to local communities.”

“PIF has set ambitious goals for the clubs, enabling them to become successful commercially and professionally and achieve long-term financial sustainability. Today’s announcement aligns with PIF’s strategy to maximize returns and redeploy capital within the domestic economy,” he added.

Completion of the transaction is subject to meeting certain conditions and receiving the necessary regulatory approvals as outlined in the agreement.

Sports

French Open Prize Money Increases 9.5%

FILE - The crowd watch Norway's Casper Ruud playing against Spain's Rafael Nadal on the court Philippe Chatrier, known as center court, during their final match of the French Open tennis tournament at the Roland Garros stadium on June 5, 2022 in Paris. (AP Photo/Thibault Camus, File)
FILE - The crowd watch Norway's Casper Ruud playing against Spain's Rafael Nadal on the court Philippe Chatrier, known as center court, during their final match of the French Open tennis tournament at the Roland Garros stadium on June 5, 2022 in Paris. (AP Photo/Thibault Camus, File)
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French Open Prize Money Increases 9.5%

FILE - The crowd watch Norway's Casper Ruud playing against Spain's Rafael Nadal on the court Philippe Chatrier, known as center court, during their final match of the French Open tennis tournament at the Roland Garros stadium on June 5, 2022 in Paris. (AP Photo/Thibault Camus, File)
FILE - The crowd watch Norway's Casper Ruud playing against Spain's Rafael Nadal on the court Philippe Chatrier, known as center court, during their final match of the French Open tennis tournament at the Roland Garros stadium on June 5, 2022 in Paris. (AP Photo/Thibault Camus, File)

Prize money at this year's French Open will jump by 9.5%, taking the total purse to 61.7 million euros ($72.69 million), organizers said on Thursday.

The increase of 5.4 million euros compared to 2025 continues a steady rise in player earnings at the claycourt Grand Slam, Reuters reported.

The organizers have in recent years focused on boosting prize ⁠money across all ⁠rounds, not only for the champions but also for players eliminated in the early stages, amid growing calls within the sport for a fairer distribution of revenues.

The Paris major, ⁠staged annually at Roland-Garros, has maintained equal prize money for men and women.

The prize money increase comes as pressure mounts from players for a greater share of revenues, with discussions ongoing across the sport involving governing bodies and tournament organizers.

Despite the latest rise, Roland-Garros is expected to remain behind ⁠the ⁠other three Grand Slams in overall prize money.

The US Open offered the largest prize fund of the Grand Slams last year with $90 million, while Wimbledon paid out 53.5 million pounds ($72.40 million).

The Australian Open offered a record A$111.5 million ($79.92 million) in prize money this year.

Sports

Liverpool Confirm Ekitike Out for Season, Will Miss World Cup

Liverpool's Virgil van Dijk checks on Hugo Ekitike during the Champions League quarterfinal second leg soccer match between Liverpool and Paris Saint-Germain in Liverpool, England, Tuesday, April 14, 2026. (AP Photo/Jon Super)
Liverpool's Virgil van Dijk checks on Hugo Ekitike during the Champions League quarterfinal second leg soccer match between Liverpool and Paris Saint-Germain in Liverpool, England, Tuesday, April 14, 2026. (AP Photo/Jon Super)
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Liverpool Confirm Ekitike Out for Season, Will Miss World Cup

Liverpool's Virgil van Dijk checks on Hugo Ekitike during the Champions League quarterfinal second leg soccer match between Liverpool and Paris Saint-Germain in Liverpool, England, Tuesday, April 14, 2026. (AP Photo/Jon Super)
Liverpool's Virgil van Dijk checks on Hugo Ekitike during the Champions League quarterfinal second leg soccer match between Liverpool and Paris Saint-Germain in Liverpool, England, Tuesday, April 14, 2026. (AP Photo/Jon Super)

Liverpool followed France in confirming Thursday that forward Hugo Ekitike will miss the remainder of the Premier League season and the 2026 World Cup after suffering a serious injury in a Champions League loss to Paris Saint-Germain.

The 23-year-old crumpled in a heap holding his lower right leg during the first half of Liverpool's 2-0 quarter-final second-leg defeat by European champions PSG at Anfield on Tuesday and had to be substituted, reported AFP.

A brief statement issued by Premier League champions Liverpool on Thursday said scans had subsequently confirmed a "rupture of the Achilles tendon".

The statement added: "Ekitike will therefore be sidelined for the remaining weeks of the club season and unable to participate at this summer's World Cup with France."

Liverpool gave no timescale for Ekitike's recovery, saying only "further updates will be provided at the appropriate time, with Hugo receiving the full support of everyone at LFC".

Liverpool's statement followed Wednesday's announcement by France coach Didier Deschamps that Ekitike was out of the World Cup.

"Unfortunately, the severity of (Ekitike's) injury will prevent him from finishing the season with Liverpool and taking part in the World Cup," Deschamps said in a statement released by the French football federation.

"This injury is a huge blow for him, of course, but also for the French national team.

"I wanted to express my full support for him, as well as that of the entire coaching staff."

Ekitike has scored 17 goals in 45 matches in all competitions for Liverpool since arriving at Anfield for a fee of £79 million ($105.5 million) last summer from German side Eintracht Frankfurt.

Since winning his first France cap in a World Cup qualifier in September last year, Ekitike has been a regular, scoring two goals and providing one assist in his eight caps.

"It looks really bad, but difficult for me to say how bad," Liverpool manager Arne Slot said after Tuesday's match.

Injuries have been a major factor in a disastrous season for Liverpool as they sit fifth in the Premier League and will end the campaign without silverware.

"Losing a player is something we have had many times this season, but it is especially hard for him because you never want to be injured, especially at this time of the season," added Slot.