Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
Lifestyle
Riyadh - Mohammed al-Mutairi

Saudi Businessman Purchases 12 Camels Worth $32 Million

Saudi men stand next to camels as they participate in King Abdulaziz Camel Festival in Rimah Governorate, north-east of Riyadh, Saudi Arabia January 19, 2018. Picture taken January 19, 2018. REUTERS/Faisal Al Nasser

A Saudi businessman signed a 120 million riyal ($32 million) deal in Riyadh to purchase 12 camels, marking one of the biggest camels' purchase deals in the Gulf.

The event coincided with Cristiano Ronaldo joining of Saudi Al-Nassr team.

The deal was signed in Dahana Desert, which is hosting the King Abdulaziz Camel Festival.

The businessman, Abdullah Al-Nahdi, who is an investor in the pharmacies sector, purchased 12 camels that came first in the festival from their owner, businessman Mohammed bin Jakhdab Al-Qahtani.

Organized by the Camel Club, King Abdulaziz Camel Festival kicked off in December and concludes in mid-January.

More than 40,000 camels compete for prizes worth more than $80 million.

The Camel Club is part of a whole sports system launched by the Saudi Crown Prince in 2017.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.