Karim Benzema was welcomed to Al Ittihad with a lavish presentation ceremony on Thursday evening as thousands of fans packed the stadium and fireworks were let off to celebrate his arrival.
Benzema, 35, announced last weekend he would leave Real Madrid after 14 years and with his place in the club's history books firmly cemented. Just two days later, the French striker was confirmed as an Ittihad player after signing a three-year contract with the Saudi Pro League champions.
At Benzema's official unveiling at Ittihad's King Abdullah Sports City stadium, fans packed out the 62,000-capacity venue, where a drone and light show started proceedings, before Benzema addressed his new club's supporters.
"I want to say thank you so much, I hope, Inshallah, we’re going to do big things," he said. "I chose Al Ittihad because they’re a great team, they’ve just won the championship and, of course, they have amazing fans. I’m going to do everything I can to put the team in the highest level.”
The former France international, who wore a 'Benzema 9' Ittihad jersey, was greeted on the pitch by young boys and girls from Ittihad’s youth programme. He concluded the presentation by lifting his Ballon d’Or trophy, before doing a lap of the stadium too applaud the fans.
“The fans are so important, they’re the 12th player on the pitch, they push you and allow you to do great things on the pitch," Benzema said in his earlier press conference. "I can’t wait to meet them and to share this moment with them, and all the country.
“My family is very happy to be coming to Saudi Arabia. They have been waiting for a long time, I love this country, I’ve had the opportunity to play in Saudi Arabia a couple of times and have come to Saudi twice for Umrah. We’re all very excited to start this journey.”
Benzema's arrival is expected to be one of several big-name signings made by Saudi Pro League clubs this summer. Barcelona captain Sergio Busquets and Manchester City forward Riyad Mahrez are among several names linked with clubs in the kingdom.
Cristiano Ronaldo, a long-time teammate of Benzema's at Real Madrid, will be a direct rival next season, with the Portuguese superstar playing for Al Nassr.
SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2a)
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
RESULTS
5pm: Maiden | Dh80,000 | 1,600m
Winner: AF Al Moreeb, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
5.30pm: Handicap | Dh80,000 | 1,600m
Winner: AF Makerah, Adrie de Vries, Ernst Oertel
6pm: Handicap | Dh80,000 | 2,200m
Winner: Hazeme, Richard Mullen, Jean de Roualle
6.30pm: Handicap | Dh85,000 | 2,200m
Winner: AF Yatroq, Brett Doyle, Ernst Oertel
7pm: Shadwell Farm for Private Owners Handicap | Dh70,000 | 2,200m
Winner: Nawwaf KB, Patrick Cosgrave, Helal Al Alawi
7.30pm: Handicap (TB) | Dh100,000 | 1,600m
Winner: Treasured Times, Bernardo Pinheiro, Rashed Bouresly
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Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
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Rating: 3.5/5