The prince was the 20th son of King Abdul Aziz al-Saud, founder of the Saudi kingdom and its first ruler, Gulf News reported.
"The funeral prayers will be held on Tuesday at the Imam Turki Mosque in Riyadh," the family said in a statement reported by the Saudi Press Agency.
The prince left the National Guard position in 2010.
He was a former minister of transportation, former minister of communications, head of the National Heritage and Culture Festival and active in the nation's equestrian club, Gulf News said.
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