The tournament was contested by the eight highest-ranked singles players and doubles teams of the 2024 WTA Tour.

It took place in Riyadh, Saudi Arabia, marking its return to Asia for the first time since 2019, and the fifth consecutive finals to be held in a different city (Shenzhen in 2019, Guadalajara in 2021, Fort Worth in 2022, and Cancún in 2023).

Players/teams are qualified in the following sequence: In the singles, point totals are calculated by combining point totals from eighteen tournaments (excluding ITF and WTA 125 tournaments).

Unlike in the singles, this combination does not need to include results from the Grand Slams or WTA 1000 tournaments.

[2] The tables below break down the prize money, participation fees are prorated on a per match basis.