Cristiano Ronaldo was recently gifted a watch by the founder of Jacob & Co., Jacob Arabo, following his visit to Riyadh last week.

It is believed that the watch is said to cost around £1.05million ($1.3m) – with Ronaldo being personally handed the watch by Arabo.

After which, the pair shared a handshake and a hug. Many eagle eyed fans may have noticed that the Al-Nassr star was posing in a £1.691 ($2,080) Givenchy outfit.

After Arabo gifted the 38-year-old with the expensive watch, the pair posed for a pictured alongside Ronaldo’s girlfriend Georgina Rodriguez.

It has been ten months since Ronaldo left European football to join Saudi Arabia giants Al-Nassr.

Cristiano Ronaldo was recently gifted a watch by the founder of Jacob & Co., Jacob Arabo

After which, the five-time Ballon d’Or winner shared a handshake and a hug

The pair then posed for a picture along with Ronaldo’s girlfriend Georgina Rodriguez

Given his stature in the game, Ronaldo has been treated like a king since moving to Saudi Arabia.

Earning a staggering £175million-per-year, the five-time Ballon d’Or winner is staying in an exclusive gated community with round-the-clock security and has received gifts like £630,000 custom-made watches.

In January, he was awarded a unique £630,000 watch in recognition of his money-spinning move to Saudi Arabia.

The Saudi-themed watch, in dark green to represent the country’s flag and its main religion Islam, has 338 extremely rare gemstones embedded in it and is 18 carat white gold, with a size of 47mm by 15.85mm and an alligator-green leather strap.

The former Red Devils, Real Madrid and Juventus superstar showed off the watch, which is a ‘Caviar Flying Tourbillon Tsavorite’ made up of 216 different components, 27 jewels and with a 42-hour power reserve, in a flashy Instagram post.

Rather than emeralds, a traditional green precious stone, the watch contains tsavorite, believed to be the most expensive and valuable garnet, which is more sparkly than emeralds and 200 times rarer.

The 37-year-old added the glamorous timepiece to his expensive collection, with Mail Sport previously reporting that he has an incredible £5m watch collection – from a £1.6m diamond-encrusted Franck Muller to a £400,000 Rolex GMT-Master II.

His long-time partner Rodriguez, meanwhile, has been a hit on the social scene in Saudi.

It is believed that the watch is said to cost around $1.3million

Coverage of her social debut at the Joy Awards – is said to have far outweighed that of famous actress Sofia Vergara who had been named ‘Person of the Year’.

Tatler report that Rodriguez has already amassed a huge fanbase in Saudi, with one person describing her as an ‘icon’ before she even arrived.

Ronaldo has also thrown himself into Saudi’s culture by visiting various bars and events, including Dariyah Nights – a shopping, art and music festival – with Minister of Sports Prince Abdulaziz bin Turki al-Faisal. He also attended Tommy Fury’s boxing clash with Jake Paul.

Ronaldo was the biggest name to be seen attending Tyson Fury’s blockbuster showdown with Francis Ngannou.

Ronaldo was recently spotted in attendance for Tyson Fury’s boxing clash with Francis Ngannou

The Portuguese star is enjoying life in the Middle East and has scored 15 goals so far this season

Despite his lavish personal life off the pitch, Ronaldo appears to be enjoying himself on it.

He recently scored his 400th goal since turning 30 in a 2-0 win for Al Nassr in the Saudi Pro League.

The five-time Ballon d’Or winner netted a stunning opening strike in his side’s victory over Al Khaleej on Saturday.

Ronaldo has scored 15 goals in 16 games this season as Al-Nassr sit second in the table, four points behind Al-Hilal.