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Saudi Arabia's Aramco agrees ‘long-term' F1 sponsor deal
Formula 1 has announced a ‘long-term' global sponsorship deal with Saudi Arabia's state-owned oil giant, Saudi Aramco. Saudi Aramco is the world's most valuable company following a recent stock market listing of just 1.5 per cent of the company. which valued it almost $2 trillion, and one of the most valuable in terms of profits which exceeded $110bn in 2019. As part of the sponsor deal, Saudi Aramco joins F1's global partner's DHL, Emirates, Heineken, Pirelli and Rolex. Saudi Aramco will become the title sponsor of the US, Spanish and Hungarian Grands Prix in 2020 . It will also work with F1 on developing sustainable fuels, enhanced engine efficiencies and emerging mobility...
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4y ago from MotorsportWeek.com
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