Kalidou Koulibaly has become the latest Premier League player to join the Saudi Pro League after completing a transfer from Chelsea to Al Hilal.
The Senegal defender only spent one season at the London club having moved to England from Serie A side Napoli last summer on a four-year deal.
But the centre-half had a disappointing campaign, making 32 appearances in all competitions – 23 in the Premier League – as Chelsea ended a troubled season in 12th place.
It is reported that Al Hilal have paid as much as £20 million for the 32-year-old. "From my first game to my last, it was an honour to wear this badge," Koulibaly said on Twitter on Sunday.
"Last season wasn't the one we wanted, but I want to thank the fans and everyone at the club for your support."
Chelsea said in a statement: “We would like to thank Kalidou for his contributions on and off the pitch during his time at Stamford Bridge and wish him well for the next stage of his career.”
Koulibaly has won 71 caps for his country, scoring one goal, helping them finish runners-up at the 2019 Africa Cup of Nations – when he missed the final through suspension – and then captained his team to victory three years later.
He started his club career at French club Metz, then moved to Belgian side Genk in 2012, before signing for Napoli in 2014 and would go on to make more than 300 appearances in a hugely successful spell in Italy.
He was named in the Serie A team of the year on four occasions, as well as being named the best defender in Italy in 2019, and helped Napoli lift the Coppa Italia in 2020.
He nearly moved to Stamford Bridge in 2016 but the switch finally happened last July with Chelsea hoping the powerful defender could help fill the gap of losing Antonio Rudiger to Real Madrid and Andreas Christensen to Barcelona last summer – both on free transfers.
“I'm very happy to be here with this team at Chelsea,” Koulibaly said after his transfer was completed. “It's a big team in the world and my dream was always to play in the Premier League.”
But the move never worked out for player or club and Koulibaly now joins Ruben Neves at Al Hilal, following the Wolves midfielder's £47 million switch from Wolves, and becomes the latest Chelsea player to move to the Middle East.
Chelsea 20233/23 season ratings
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CHELSEA 2022/23 SEASON RATINGS: Kepa Arrizabalaga - 6. After starting the season on the bench, he made the No 1 jersey his own with an excellent run of form. Performances tailed off as Chelsea's season unravelled, and while Kepa didn't do much wrong, he hardly saved his team either. Getty. -

Edouard Mendy - 5. A shaky start to the season saw Mendy dropped to the bench, while a long-term shoulder injury prevented the Senegalese stopper from trying to reclaim his place. Returned to the squad in April and hardly to blame for Chelsea's demise. Getty -

Trevoh Chalobah - 6. Effort and dedication can't be faulted but the Academy graduate looked out of his depth at times. Should be used as a reliable squad player next season. Getty -

Kalidou Koulibaly - 5. The Senegalese defender veered from commanding to comical - sometimes in the same game. Whether this was a first-season adjustment period or if Koulibaly is on the decline, it will be interesting to see if we get to find out or if the former Napoli star will depart. Getty -

Benoit Badiashile - 7. The 22-year-old January signing looked good in the appearances he was afforded, and should be given a much bigger role next season. Reuters -

Wesley Fofana - 5. Arrived with a massive price tag and to huge excitement last summer, the French defender's season was one blighted by injury. When Fofana returned to the team, he looked off the pace and struggled for form. One of many players who should benefit from a reset ahead of the new season. Getty -

Thiago Silva - 7. At 39 years old, the Brazilian is still Chelsea's best central defender. Called upon to play more games than was probably initially planned as the season unravelled. Still classy but it became increasingly clear he's now best in the middle of a back three. Will be a huge leader next season as Chelsea attempt to pick up the pieces. Getty -

Marc Cucurella - 3. The poster boy for Chelsea's reckless and thoughtless transfer strategy. The Spanish fullback can't be accused of a lack of effort but looked well short of the £60m the Blues paid Brighton for his services. Expected to leave in a cut-price deal this summer. Reuters -

Ben Chilwell - 6. A season severely disrupted by injury, Chilwell's various absences hit Chelsea hard. Ended the season with another injury, and will hope to fully recover to hit the ground running after the summer. AFP -

Lewis Hall - 7. The youngster's emergence was both a promising sign for Chelsea's future and symbolic of a disastrous transfer policy that saw Cucurella signed for £60m when Hall proved to be more than capable at left-back. Full of energy and enthusiasm and impactful going forward. Work to do defensively but he's only 18. Getty -

Reece James - 6. Limited to just 24 appearances in all competitions, James' worrying injury record extended into another season. No coincidence that Chelsea's alarming slump began when he was first sidelined. Getty -

Cesar Azpilicueta - 5. As committed and professional as ever but respectfully, the captain's legs went this season. Sustained a nasty concussion which did not help his cause. If he remains beyond the summer, the Spaniard should be used very much as a dressing room influence. Reuters -

Enzo Fernandez - 7. The Argentine midfielder arrived in January fresh off a World Cup triumph and with a reputation as one of the brightest stars in world football. Showed moments of quality during a difficult spell for Chelsea, and will be a major player next season. Reuters -

N'Golo Kante - 6. Another important player hit by injury for much of the season, the French midfielder's quality and energy were sorely missed. Typically lively when he made his return to the team. His future needs to be resolved. Getty -

Denis Zakaria - 5. On loan from Juventus, the Swiss midfielder was not really part of any of the three managers' plans this season, although did OK when given games. EPA -

Conor Gallagher - 7. Endured a disastrous start to the season but improved as the campaign wore on when he was given more game time. Provided plenty of energy and was a greater goal threat than many of Chelsea's forward players. With the likes of Kante and Kovacic - and even Mount - potentially leaving, Gallagher could have a key role next season. EPA -

Mateo Kovacic - 6. The Croatian has been superb throughout his Chelsea career but there was a noticeable drop off this season. Still helped the Blues control possession for most games but the cut and thrust that make Kovacic such an influential midfielder were not quite at the same level. Big question marks about his future. EPA -

Ruben Loftus-Cheek - 5. Very much a squad player who struggled to make his mark this season. The Academy graduate is reportedly the subject of interest from AC Milan and could be part of the expected mass exodus. AFP -

Carney Chukwuemeka - 6. The teenager signed from Aston Villa last summer was limited in his appearances but looks an exciting talent. AFP -

Mason Mount - 4. Having emerged as arguably Chelsea's best player the previous two seasons, this was a significant setback. Injuries played a part but three goals in 35 appearances was hugely disappointing. Confidence looked shot by the time his campaign ended prematurely. Despite the poor season, Chelsea will hope to resolve his future to prevent a potentially damaging move to a rival. PA -

Kai Havertz - 6. Chelsea's leading goalscorer this season but with nine in all competitions, that isn't saying much. The German is an outrageously talented player but was again the victim of Chelsea's failure to sign a recognised striker. Will the next manager finally play Havertz at No 10 before it's too late and he leaves? Reuters -

Mykhaylo Mudryk - 5. After Chelsea beat Arsenal to the Ukrainian's signature and he enjoyed a blistering cameo, the hype only increased. That's about as good as it got for Mudryk in his first half season. Blessed with extreme pace but still a raw talent, Mudryk should kick on next season. Getty -

Christian Pulisic - 4. A knee injury hardly helped but the American was ineffective before and after. A single goal in 29 appearances is nowhere near good enough. Could be another to exit Stamford Bridge this summer. AFP -

Raheem Sterling - 4. Signed as an oven-ready solution to help solve Chelsea's goalscoring woes, Sterling was a shadow of the prolific Manchester City player. Scored nine goals in 37 appearances and generally posed little threat when on the ball. Can still be an important player next season. Getty -

Noni Madueke - 7. Part of the mad January transfer splurge, Madueke is another exciting young talent who showed glimpses of his potential. Should contribute plenty more next season. PA -

Hakim Ziyech - 5. Became a peripheral player and almost left on loan to PSG in January, only for the classic fax machine mishap to occur. The Moroccan, who was superb at the World Cup, is a talented player but it's not quite happened at Chelsea. Surely on the move. PA -

Joao Felix - 8. A rare bright spark in a bleak season for Chelsea, despite getting sent off on his debut and his loan fee hardly making financial sense. It was a scandal that Felix wasn't a regular starter during Lampard's brief, and disastrous, spell in charge as the Portuguese was the one attacking player who consistently created chances and scored a few goals. Unlikely to remain beyond this season. AFP -

Armando Broja - 5. The Academy graduate loooked like he could have been a useful squad option but his season was cut short after a cruciate injury during a mid-season friendly in Abu Dhabi. Getty -

David Datro Fofana - 6. A lively debut, after arriving in January, raised hopes Chelsea might have a exciting new striker on their hands. Except he barely played after that. Looks a talent, though. PA -

Pierre-Emerick Aubameyang - 2. A return of three goals in 22 appearances marked a miserable return to the Premier League for the former Arsenal captain. Shot of confidence and sharpness, Aubameyang appears destined for the exit. EPA -

Thomas Tuchel - 6. Oversaw the opening weeks of the season when Chelsea struggled for form. Still, his exit was an enormous shock and the season continued to unravel from there. Has since pitched up at Bayern Munich and won the Budesliga. EPA -

Graham Potter - 3. Perhaps it was the wrong man in the wrong job at the wrong time, but Potter hardly helped his cause either. After an encouraging start, quickly looked out of his depth when results went south, and was sacked after winning just 12 of his 31 games in charge. Reuters -

Frank Lampard - 1. Granted, he inherited a mess but the return of Chelsea's greatest player to the dugout failed to inspire a turnaround. Lost his first six matches in interim charge, his team selection was muddled, and he admitted himself he didn't know how or where to play Joao Felix, so he didn't. Which is unforgivable. Where Lampard goes from here is anyone's guess. Getty
French midfielder N'Golo Kante has already agreed to sign for Saudi champions Al Ittihad on a free transfer, while Koulibaly's Senegal teammate Edouard Mendy could also join him in the kingdom with the goalkeeper close to joining Al Ahli.
Out of favour strikers Romelu Lukaku and Pierre-Emerick Aubameyang have also been linked to the Pro League, as has winger Hakim Ziyech.
Belgium striker Lukaku, though, is determined to remain in Europe – preferably with Inter Milan, where he spent last season on loan helping the club reach the Champions League final, before losing to Manchester City.
Chelsea need to sell players or risk falling foul of financial fair play regulations after spending more than £600 million on new signings over the past 12 months.
Forward Kai Havertz could also be joining the Stamford Bridge exodus with Arsenal agreed a £65 million deal for the Germany international, while Manchester City have had a £30 million bid accepted for Croatia midfielder Mateo Kovacic.
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
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Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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More from Neighbourhood Watch:
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Rohit Sharma (captain), Shikhar Dhawan (vice-captain), KL Rahul, Suresh Raina, Manish Pandey, Dinesh Karthik (wicketkeeper), Deepak Hooda, Washington Sundar, Yuzvendra Chahal, Axar Patel, Vijay Shankar, Shardul Thakur, Jaydev Unadkat, Mohammad Siraj and Rishabh Pant (wicketkeeper)
While you're here
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MATCH INFO
Champions League quarter-final, first leg
Ajax v Juventus, Wednesday, 11pm (UAE)
Match on BeIN Sports
The specs
Engine: 2.3-litre, turbo four-cylinder
Transmission: 10-speed auto
Power: 300hp
Torque: 420Nm
Price: Dh189,900
On sale: now
yallacompare profile
Date of launch: 2014
Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer
Based: Media City, Dubai
Sector: Financial services
Size: 120 employees
Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
SPECS
Getting there
The flights
Emirates and Etihad fly to Johannesburg or Cape Town daily. Flights cost from about Dh3,325, with a flying time of 8hours and 15 minutes. From there, fly South African Airlines or Air Namibia to Namibia’s Windhoek Hosea Kutako International Airport, for about Dh850. Flying time is 2 hours.
The stay
Wilderness Little Kulala offers stays from £460 (Dh2,135) per person, per night. It is one of seven Wilderness Safari lodges in Namibia; www.wilderness-safaris.com.
Skeleton Coast Safaris’ four-day adventure involves joining a very small group in a private plane, flying to some of the remotest areas in the world, with each night spent at a different camp. It costs from US$8,335.30 (Dh30,611); www.skeletoncoastsafaris.com
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching

