Strategic Partnership Contract between Mobile Communication

Riyadh, July 19, SPA -- Mobile Communication Company (Zain) and Reem Auto Club Experience (RACE) signed a strategic partnership
agreement between the two parties today.

At a joint press conference at Prince Sultan Grand Hall at
Al-Faisaliah Hotel, the two parties broke the news.

Prince Sultan bin Bandar Al Faisal, Chairman of the Board of
Directors of Saudi Sabaq Company, owner of RACE, and Dr. Marwan
Al-Ahmadi, CEO of Zain Saudi Arabia, signed for the two parties in
the presence of a number of media representatives and company
officials.

In a key address, Dr. Al-Ahmadi expressed his pleasure of the
partnership with an internationally acclaimed institution that
reflects an important gain for Zain which seeks through such
important partnership to gain the trust of its customers in the
Kingdom through fruitful strategic alliances to support its social
responsibility programs.

For his part, Prince Sultan bin Bandar Al Faisal emphasized the
partnership announcement as a historic event for the race track and
motorsport in the Kingdom and especially in the Arab region, adding
that RACE has set its future objectives to become an international
auto racing venue which the Kingdom will soon witness.

Raed bin Abdulaziz Abu Zendah, the general manger of RACE and Saudi
Sabaq Company announced RACE’s upcoming events which will kick off
the new motorsport season for Saudi motorsport this October. He said
Motorsport events schedules where made in compliance with
international motorsport tournaments and according to international
standards.

Abu Zendah added that a newly established RACE media club will play a
significant role in the Saudi Motorsport news coverage. Club member
journalists will enjoy several incentives, benefits and seminars that
will make auto sports in the Kingdom a comprehensive sport through
auto races and professional media coverage for one of the most
important international sports.

Sela Sport Companies CEO Ahmad Muhtaseb also expressed his pleasure
of the new partnership between two of the most important parties
concerned with youth issues. He said the partnership will positively
reflect on the two parties’ future work be it in motorsport or
commercial marketing.