Ramon Diaz has left Al Hilal to return to his native Argentina for family reasons. AP Photo
Ramon Diaz has left Al Hilal to return to his native Argentina for family reasons. AP Photo
Ramon Diaz has left Al Hilal to return to his native Argentina for family reasons. AP Photo
Ramon Diaz has left Al Hilal to return to his native Argentina for family reasons. AP Photo

Ramon Diaz thanks Al Hilal 'for everything' as he leaves club for personal reasons


John McAuley
  • English
  • Arabic

Ramon Diaz bid a heartfelt goodbye to Al Hilal after deciding to return to Argentina for family reasons, with his son Emiliano Diaz to take charge of the team for the remainder of the season.

Diaz, 63, posted the announcement on his social media on Sunday night, only days following Hilal’s King’s Cup final victory against Al Wehda.

The Argentine, in his second stint as Hilal manager, said he needed to go back to his homeland to be with his family. In March, Diaz’s other son Michael was involved in a car crash in Buenos Aires that killed his wife, Barbara Oliver, and the driver of the other vehicle, Aldo Flaque.

Michael Diaz and his young son Milo are said to have experienced relatively minor injuries.

At the time, Ramon Diaz travelled back to Argentina, but soon resumed his work with Hilal. Earlier this month, the reigning Asian champions lost the Champions League final to Japan’s Urawa Red Diamonds, but responded on Friday by securing a 10th King’s Cup.

Hilal prevailed 7-6 in the shoot-out against Wehda after the match in Jeddah finished 1-1.

In Sunday’s video, Diaz said: "First of all, I want to thank the fans, the administration, the players, for the opportunity they gave me to be in this great club. But I am living a difficult, complicated moment, a situation for which I have to return to Argentina, to accompany my family.

“I want to thank all of Saudi Arabia for how they have treated me, for everything they have given me. I thank them and I apologise again, I love you very much and surely Al Hilal will continue to win."

Hilal, the current Saudi champions, are almost certainly out of the title race as they enter the final five matches of their league campaign. They sit fourth in the table, 11 points off leaders Al Ittihad, who have played a game more.

Hilal host Ittihad in a huge match on Tuesday. The Jeddah club lead the standings by five points from Cristiano Ronaldo’s Al Nassr.

In a statement on Sunday, Hilal said: “The board of directors of Al Hilal Club has approved the request made by the Argentinian manager of the first football team, Ramon Diaz, to leave to his country to follow up the situation of his family after a car accident that resulted in one death and two injuries among his family members.

“It has been decided that the assistant coach, Emiliano Diaz, will take over coaching duties with the rest of the coaching staff who will continue leading the remaining matches of the sports season.”

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Dust storm

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  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
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The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

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Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)

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Erin King (Dubai Hurricanes mini, Ireland sevens international)

Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.

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Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

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Updated: May 15, 2023, 8:45 AM