Riyadh, July 27, 2022, SPA -- Saudi Basic Industries Corporation (SABIC) and Formula E have announced a long-term sponsorship and innovation partnership, which will launch with title sponsorship of the 2022 SABIC London E-Prix double-header at ExCeL London, 30 & 31 July. The partnership will see Formula E and SABIC drive electrification and sustainability together through the power of the world’s foremost electric motorsport series. “We are excited to partner with Formula E,” said SABIC Vice-Chairman and CEO, Yousef Al-Benyan. “Our sponsorship will drive global visibility of the SABIC brand within a relevant, exciting, and growing global sports platform. In addition, we intend to collaborate closely with Formula E to integrate our sustainable solutions into their ecosystem and operations.” “This offers SABIC a unique opportunity to transfer our innovations from Formula E into the broader automotive and EV industries benefiting our customers and partners and demonstrating our ability to support the world’s transition to EV and a more sustainable future.” Formula E Founder and Chairman, Alejandro Agag, said: "We welcome SABIC to the ABB FIA Formula E World Championship. The 2022 SABIC London E-Prix is the beginning of a progressive and innovative partnership that will have a positive impact on our mission to drive sustainable human progress through the power of electric racing.” --SPA 13:58 LOCAL TIME 10:58 GMT 0015 www.spa.gov.sa/w1766784