The Asian Tour announced the postponement of the tournament, which was scheduled to take place at Riyadh Golf Club from November 18 to 21. No new dates have been announced.
According to BBC Persian, the Asian Tour said the decision followed a review of operational and logistical challenges associated with organising the event while maintaining its international standards.
The tournament is sponsored by Saudi Arabia's Public Investment Fund and has a total prize purse of $5 million. Asian Tour chairman Cho Minn Thant expressed hope that players would be able to compete in Riyadh at a later date.
The postponement comes amid reports of attacks on Saudi airports, ports and oil facilities in recent weeks. A reported attack in Riyadh last week killed at least 12 people and injured more than 300, according to the information cited in the reports.
Meanwhile, a Saudi-led military coalition said on Friday that it had intercepted and destroyed a drone heading towards the kingdom's Eastern Province.
In a brief statement, the coalition said the drone was destroyed in the air but did not identify who launched it or specify its intended target. It also provided no details about possible casualties or property damage.
Separately, media outlets affiliated with Yemen's Houthi movement reported shelling in the northern border province of Saada.
The security concerns extend beyond Saudi Arabia's territory, with attacks on commercial vessels in and around the Strait of Hormuz increasing amid the wider regional conflict.
According to reports received by the United Kingdom Maritime Trade Operations (UKMTO), 12 ships were attacked between October 5 and 11. This was the highest number of attacks reported in a single week since the start of the war involving Iran, the United States and Israel.
Ten vessels reported attacks during the preceding week, while six ships were targeted on a single Sunday, according to UKMTO. Four additional attacks have been reported since October 12.
BBC Verify compiled incident reports published on the UKMTO website to establish a timeline, using the first date recorded in each report. It cautioned that the figures were estimates because some reports listed the date of an attack, while others recorded the date the incident was reported.
The rise in attacks has also slowed the recovery in oil shipments through the Strait of Hormuz observed during the previous month.
Experts say Iran is targeting vessels in an effort to strengthen its control over the strategic waterway. The US military has increased the number of tankers it escorts through the southern part of the strait to protect them from Iranian attacks.
Experts have also reported an increase in attacks on ships in maritime areas farther from the strait.
The US military's Central Command, or CENTCOM, said commercial maritime traffic through the Strait of Hormuz was continuing despite the attacks, with US forces and regional partners coordinating protection for vessels.
The growing maritime risks have coincided with an increase in oil prices. Reuters reported that Brent crude was trading at $105.42 per barrel on Friday as uncertainty surrounding the Middle East conflict weighed on markets.
The Strait of Hormuz is a vital route for international oil shipments, making any disruption a concern for energy markets, shipping companies and importing countries.
The postponement of the golf tournament, the reported drone interception and the rising number of maritime attacks underline the wider security challenges facing the region as military tensions continue to threaten transport, energy supplies and major international events.
