The knockout stage of the 1995 King Fahd Cup was played on 13 January 1995 and included a third-place match between the two group runners-up and a final match between group winners. Both games were played at King Fahd II Stadium in Riyadh. In the knockout stage (including the final), if a match was level at the end of 90 minutes, extra time of two periods (15 minutes each) would be played. If the score was still level after extra time, the match would be decided by a penalty shoot-out.