The News Agency of Nigeria reports the win makes it the fourth time Al Ahly will lift the prestigious trophy in succession.
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In a dramatic opener to the new pan-African tournament, Simba recovered from a goal down to lead before Al Ahly hit back to ensure the first-leg tie was evenly poised.
The result from the encounter on Sunday meant Al Ahly clinched a record extending 11th CAF Champions League title.
African champions Al Ahly had their fair share of chances, but Madrid’s superior quality on Wednesday ensured they had enough to see them off and set up a date with Al Hilal in Saturday’s final.
The Red Devils put one foot in the CAF Champions League final after earning a dominant 4-0 win over ES Setif in the first leg of the semi-finals.
After five years, Ajayi’s journey with Al Ahly ended after the club decided to terminate his contract at the end of last year.
The 26-year-old struck in the 53rd minute at the Al Nahyan Stadium for the Egyptian outfit.
Goals from Mohamed Sherif, Magdy Afsha and Mohamed Elsoulia handed Al Ahly the title on Saturday.
The win helped them book a date with Kaizer Chiefs for the July 17 grand finale.
This was after they beat RS Berkane of Morocco 2-0 at the Jassim Bin Hamad Stadium.
This was after Al Ahly played to a 1-1 draw with the South Africans in the second leg in Pretoria.
Mohamed Taher was on target in the first half while Salah Shalabi doubled their lead late in the second half of the first leg match.
Egyptian Captain and goalkeeper, Mohamed El Shenawy, was Al Ahly’s hero in the shootout, saving Felipe Melo’s penalty to ensure that the African champions won 3-2 in Qatar.
This was after two goals from Robert Lewandowski gave them a clinical 2-0 win over Al Ahly on Monday.