Saudi Arabia's Public Investment Fund (PIF) is to finance a joint initiative with the WTA for paid maternity leave of "up to 12 months" for players on the women's tennis circuit, it was announced on Thursday.

Women’s tennis players will receive up to 12 months of paid maternity leave for the first time under an initiative announced Thursday by the Women’s Tennis Association and Saudi Arabia’s Public Investment Fund.

Pregnant players on the women’s tennis tour now can receive 12 months of paid maternity leave, and those who become parents via partner pregnancy, surrogacy or adoption can get two months off with pay

TKO Group Holdings, owners of mixed martial arts' UFC and wrestling's WWE, announced on Wednesday a new boxing promotion with the backing of Saudi Arabia's Turki Alalshikh and entertainment conglomerate Sela.

Turki Alalshikh, the chairman of Saudi Arabia’s General Entertainment Authority, has forged a multi-year boxing promotion partnership with U.S. sports and entertainment conglomerate TKO and Saudi sports marketing company Sela in what is being touted as a landmark deal.