Al Nassr's Cristiano Ronaldo celebrates after their 3-1 win over Al Fateh on Sunday night. Getty Images
Al Nassr's Cristiano Ronaldo celebrates after their 3-1 win over Al Fateh on Sunday night. Getty Images
Al Nassr's Cristiano Ronaldo celebrates after their 3-1 win over Al Fateh on Sunday night. Getty Images
Al Nassr's Cristiano Ronaldo celebrates after their 3-1 win over Al Fateh on Sunday night. Getty Images

Saudi Pro League: Cristiano Ronaldo fires Al Nassr to victory while Ivan Toney nets brace in Al Ahli rout


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Cristiano Ronaldo scored his 14th goal of the Saudi Pro League season as Al Nassr beat Al Fateh 3-1 to reclaim third spot in the table and close the gap on the top two.

Ronaldo, who converted Sadio Mane's pass in the 87th minute to put the result beyond doubt, celebrated in trademark fashion and then declared via his Instagram account: “We’re not stopping.”

The win closed the gap on second-placed Al Ittihad and leaders Al Hilal to eight points, with the top two in action on Monday night. Al Nassr's primary concern will be locking down third place and the final Asian Champions League spot.

They took the lead on Sunday after 41 minutes when Marwana Saadane of Al Fateh put through his own goal. Mohamed Simakan then doubled Nassr's advantage in the 57th minute with a well-placed header.

Al Fateh got back into the game when Mourad Batna struck from the edge of the box on 72 minutes after a blunder from Nassr keeper Bento.

But Ronaldo, who had earlier seen a first-half effort disallowed, secured the three points when he fired home from close range. There was still time for VAR to deny him a second, though, after he had crashed home from a narrow angle.

Ronaldo remains in contract talks with Nassr, with the club reported to be ready to hand the Portuguese star a lucrative extension. His current deal expires in the summer. The Riyadh club have also been linked with a move for his former Real Madrid teammate Casemiro, currently out of favour at Manchester United, ahead of Thursday night's SPL transfer deadline.

Elsewhere, Al Ahli put Al Riyadh to the sword in Jeddah with an emphatic 5-0 victory at King Abdullah Sports City on Sunday night.

Al Ahli, who sit fifth in the table, also have aspirations of a top-three finish and have their sizeable former Premier League cohort to thank for this latest victory.

Former Brentford striker Ivan Toney fired them ahead as he chested down a ball over the top and shot past the keeper for a smart finish – his sixth goal in 14 games since moving to the kingdom.

Ziyad Aljohani doubled the lead on the hour as he headed the second after Al Riyadh failed to clear a corner. The floodgates opened as Roberto Firmino scored the third from close range just moments later.

Toney tucked home the fourth from the penalty spot before Riyad Mahrez completed the rout with the pick of the goals – a spectacular finish from outside the box.

Also on Sunday night, 10-man Al Taawoun were held at home by relegation-threatened Al Orobah and Al Khaleej moved up to seventh with a 2-1 victory over Al Okhdood.

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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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Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

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Updated: January 27, 2025, 12:01 PM