Riyadh Season has agreed to a "game-changing" sponsorship with promotional outfit Boxxer.
The deal promises to "support the new era of UK fight nights" and "deliver big events to millions" of British fight fans.
News of the deal was shared on The Ring's social accounts alongside a photo of promoter Ben Shalom and Turki Alalshikh, chairman of Saudi Arabia’s General Entertainment Authority.
Shalom heads up Boxxer and recently secured a broadcast deal with the BBC, months after his company's partnership with Sky Sports came to an end.
The Boxxer-BBC venture will kick off October 25 with Frazer Clarke vs. Jeamie TKV for the British heavyweight title. The event will be shown live on BBC Two in a primetime slot of 8-10 pm. Undercard action will stream on the BBC iPlayer.
Shalom was noticeably absent from the kick-off press conference for the fight in London on Wednesday, and it's now become clear the 30-year-old, who's been on the ground in Riyadh for days, has hashed out a groundbreaking deal for boxing in the UK.
Clarke-TKV marks the first time professional boxing will be shown on traditional BBC programming since 2005.
The fight will take place at Derby's Vaillant Live Arena.