Complex sentence: The Nayef Al-Rodhan Prize for Global Cultural Understanding (formerly the Nayef Al-Rodhan Prize for Transcultural Understanding), established by Al-Rodhan in 2013, is awarded annually by the British Academy for "outstanding scholarly contributions to transcultural understanding".
Split into simpler sentences: The Nayef Al-Rodhan Prize for Global Cultural Understanding (formerly the Nayef Al-Rodhan Prize for Transcultural Understanding) was established by Nayef Al-Rodhan in 2013. It is awarded annually by the British Academy for "outstanding scholarly contributions to transcultural understanding".