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Asharq Al-Awsat

Sport

Asharq Al-Awsat

SAMF Signs Sponsorship Contract for Formula 1 stc Saudi Grand Prix

SMC Kingdom Board of Directors Riyadh Saudi Press Agency SPA

Saudi Arabian Grand Prix at Jeddah Corniche Circuit, Jeddah, Saudi Arabia. General view at the start of the race. (Reuters)

The Saudi Automobile and Motorcycle Federation (SAMF) has announced the signing of a sponsorship agreement with Bank Albilad to become a strategic sponsor of Formula 1 Race in the Kingdom, through Saudi Motorsport Company (SMC).

The agreement was signed in Riyadh between Prince Khalid bin Sultan bin Abdullah Al-Faisal, Chairman of the Board of Directors of SAMF and SMC, and CEO of Bank Al-Bilad Abdulaziz Al-Anizan, the Saudi Press Agency (SPA) reported.

Prince Khalid bin Sultan Al-Faisal welcomed the sponsorship, stressing Bank Albilad’s leading status in supporting events that would enhance the Kingdom’s presence on the global stage and advance its goals stipulated in Vision 2030.

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