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The WTA said its agreement with the Saudi Tennis Federation will offer record prize money of $15.25 million this year with further increases in 2025 and 2026.
The 24-year-old pipped fellow finalists Sachin Baby and Sidhartha Babu for the honour.
It is a fourth straight visit to the continental finals for Ukraine who take their place in Group E with Belgium, Slovakia and Romania.
Ahmedabad will host a qualifier and eliminator on May 21 and 22 while Chennai will host the second qualifier on May 24.
Even though Dhoni has stepped down as captain of CSK, his close association with the franchisee and city is set to continue uninterrupted in the years ahead.
Alcaraz became the first man to defend a championship in the California desert since Novak Djokovic won three straight between 2014 and 2016.
Ajmal had the best timing among the quartet when India clinched gold at the Hangzhou Asian Games last year.
A glance at the Ranji Trophy finals.
Rahane ended the Ranji season with a sting of failures and his 214 runs placed him in ninth spot among Mumbai's run-getters.
Arsenal survived a penalty shootout to scrape past Porto and reach the quarter-finals of the Champions League for the first time in 14 years.