Organised by the World Snooker Tour, the inaugural event was held from 31 August to 7 September 2024, and it featured a total prize fund of £2,302,000, the second-highest after the World Championship.

In February 2024, World Snooker Tour (WST) announced the addition of the Saudi Arabia Snooker Masters to the calendar, beginning from the 2024–25 season, as part of a ten-year deal.

The 2024 edition was the first ranking tournament to be held in Saudi Arabia, following the non-ranking 2024 World Masters of Snooker event in March.

[1][2] Announcement of the non-ranking World Masters of Snooker event was met with criticism from journalists accusing Saudi Arabia of sportswashing.

[3][4] However, players welcomed the Saudi Arabia Snooker Masters ranking event, lauding its "astronomical" prize fund and the opportunity to promote the sport in the Middle East.