Monday, April 28, 2025

Mubadala Petroleum Signed Andaman I PSC in Indonesia

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Mubadala Petroleum announces that it has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round. Mubadala Petroleum is the operator of the Andaman I PSC and a partner in the Andaman II PSC, operated by Premier Oil, which was also signed last week. The Andaman I and II PSCs are adjacent and located in the underexplored but proven North Sumatra basin offshore Aceh, a region that Mubadala Petroleum has been involved in since 2011 through joint study agreements.  The PSCs have the potential to unlock a new material gas play for domestic consumption in North Sumatra and indeed long term export to regional markets. The work commitment for the Andaman I exploration block is to conduct sub surface studies and to acquire 3D seismic, in the first 3 year term. Dr Bakheet Al Katheeri, Mubadala Petroleum’s Chief Executive Officer, commented:” The operated Andaman I PSC and our interest in the Andaman II PSC, mark the further extension of our Indonesia portfolio with a new high impact growth hub. These new exploration blocks support our growth strategy of finding and, if successful, developing gas for Indonesia’s growing market while it has the potential to deliver significant organic growth opportunities for our existing Indonesian business in the longer term.”

CELEBRATE THE ROYAL WEDDING OF THE YEAR IN KNIGHTSBRIDGE

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Jumeirah Carlton Tower reveals its Royal connections ahead of the Royal Wedding with Royal grade beef, a luxury Royal Suite offering and a candid interview with Meghan Markle Jumeirah Carlton Tower, a landmark luxury hotel in the heart of Knightsbridge, is celebrating its Royal ties in time for the Royal event of the year; the wedding of HRH Prince Harry and Meghan Markle. From serving beef from the Royal Warrant holder who supplies to Her Majesty the Queen, to interviewing Meghan before she was on the Royal-scene, there is no better time to share the connections that the hotel holds. As the world goes Royal-wedding-crazy in the lead-up to the big day, The Rib Room Bar & Restaurant at Jumeirah Carlton Tower will be undertaking its routine Royal-worthy meal preparation. The restaurant has been serving top-quality beef from the Royal Warrant Holder, Donald Russell, for four years. Executive Head Chef at The Rib Room, Simon Young comments “It’s a privilege to be serving meat from Royal Warrant Holder butcher Donald Russell at The Rib Room Bar & Restaurant. Our Royal grade rib of beef dish is a bestseller and our dedicated team in the kitchen work hard so that the meat is prepared to perfection.” For over 40 years, Donald Russell has passionately upheld the highest standards of craft butchery. Renowned for the quality of its hand cut steaks and roasts, its small team of Aberdeenshire butchers were awarded the Royal Warrant for the quality of their meat and poultry in 1984, and have held it continuously ever since. It’s no surprise that the Royal family choose Donald Russell as their butcher by appointment, surrounded by the rich, rolling farmland of Aberdeenshire, Donald Russell has its roots in the partnership of a butcher and a local beef farmer, back in 1974 and are proud to keep the traditional butcher’s craft and hand skills alive. Rob McFarlane, Director of Sales & Business at Donald Russell says: “Here at Donald Russell, we’re very proud of our own Royal connection. We have been supplying the Royal Households for well over 30 years, which we regard as a testament to the quality of our meat. We’ve also worked for many years with The Rib Room, supplying our hand selected, traditionally dry-aged ribs of grass-fed British beef, delivered directly from our butchery in Inverurie, Aberdeenshire to the Rib Room in Jumeirah Carlton Tower in Knightsbridge” Jumeirah Carlton Tower, a stone’s throw away from Buckingham Palace, is also the proud owner of a high-end Royal Suite, which lives up to its elite name and is open for bookings. The Royal Suite offers a truly elevated standard of living, wowing guests with a King Size bed, butler service, truly breath-taking view over Knightsbridge and a modern kitchen with a 10 seat dining room table, as well as many other amenities designed to give guests a truly Royal service. Finally, in May 2015 the Jumeirah magazine got its hands on a much sought after interview with Meghan Markle before she announced her engagement. The interview took place at sister property, Grosvenor House Suites by Jumeirah Living, where Meghan spoke about her stay with Jumeirah, appearing on Suits, working with the United Nations and her now-ceased blog The Tig, on top of other topics that you can find out more about from the attached interview scan. –Ends- Notes to Editors: About Jumeirah Carlton Tower: Jumeirah Carlton Tower, situated in the heart of Knightsbridge, is a landmark hotel acknowledged as one of London’s finest. The hotel is noted for its fine dining, exclusive Peak Health Club & Spa and enviable location off Sloane Street – the capital’s most fashionable shopping area. Jumeirah Carlton Tower offers 216 rooms and suites, individually styled with a calm and contemporary feel, together with dining in the Chinoiserie lounge, The Rib Room and The Club Room. About Jumeirah Group: Jumeirah Group, the global luxury hotel company and a member of Dubai Holding, operates a world-class portfolio of hotels and resorts including the flagship Burj Al Arab Jumeirah. Jumeirah Hotels & Resorts manages properties in Dubai and Abu Dhabi, UAE; Bahrain and Kuwait in the Middle East; Frankfurt, London and Mallorca (Spain) in Europe; the Maldives and Shanghai in Asia. Jumeirah Group also operates the new upscale-casual brand, Zabeel House by JumeirahTM and runs the luxury serviced residences brand Jumeirah LivingTM with properties in London and Dubai; the wellness brand TaliseTM; Jumeirah Restaurant Group DubaiTM; Wild Wadi WaterparkTM; The Emirates Academy of Hospitality ManagementTM; Jumeirah SiriusTM, its global loyalty programme; and isme by Jumeirah™ an app based rewards programme in the UAE. Future openings include luxury hotels in the UAE, Indonesia, China, Oman, Jordan, Malaysia and the Kingdom of Saudi Arabiawww.jumeirah.com

Emirates kicks off the summer season with special fares

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Early bird travellers from the UAE can take advantage of competitive fares to global destinations

Emirates is offering special early bird fares for UAE travellers to destinations within its global network. Travellers who book in advance can enjoy special fares starting today until 30 April 2018 and applies to select travel periods.

Economy Class passengers can enjoy fares to the Middle East starting from AED 795, to Europe starting at AED 2,135, to West Asia & Indian Ocean starting at AED 945, and to the Far East and Australasia starting at AED 2,035. Business Class passengers can enjoy fares to the Middle East starting from AED 3,155, to Europe starting at AED 9,395, to West Asia & Indian Ocean starting at AED 2835, and to the Far East and Australasia starting at AED 8,895. Emirates passengers travelling in all classes will benefit from a generous baggage allowance of 30kg in Economy Class and 40kg in Business Class. Passengers on the Emirates flight will enjoy the airline’s award winning in-flight entertainment system with up to 3,500 channels and up to 20MB complimentary on-board Wi-Fi, as well as regionally inspired meals on-board prepared by award-winning chefs. The offer applies for outbound travel between 19 April and 13 December 2018. For more information on Emirates, including how to book flights and a complete list of terms and conditions, visit www.emirates.ae, travel agent or through the local Emirates Sales Office. Terms & conditions apply.

Al Hokair Group Steps Up Expansion of MENA Hotels & Resorts

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Saudi-based hospitality and entertainment group Al Hokair has chalked out aggressive plans for expansion of MENA Hotels & Resorts across the Middle East that will be unveiled during the Arabian Travel Market in Dubai. Confirming the group’s presence at the show from 22 to 25 April 2018, Mr Sami Al Hokair, Managing Director Al Hokair Group & MENA Hotels & Resorts, stated, “Al Hokair is a trusted name in hospitality and we are eager to capitalize on the massive opportunity for growth in the industry with our brand MENA Hotels & Resorts. Focused on high-growth markets, our expansion is driven by long-term sustainability while strengthening our diverse portfolio of brands.”

MENA Hotels & Resorts is currently present in KSA, UAE and Jordan with seven hotels, boasting 1015 keys, in operation. The brand is expected to double its existing portfolio of hotels by 2019 with a strong development pipeline. Mr Fadi Mazkour, Co-Founder, Regional Director of MENA Hotels & Resorts, said, “MENA Hotels & Resorts is a distinctive collection of properties offering a comprehensive mix of lifestyle brands, from luxury to budget, all reflecting the pulse of Arabian Hospitality delivered by world-class hoteliers. We are well-placed to serve any market segment with a balanced portfolio of five superb brands that have been developed to respond to the needs of today’s guests. The service excellence seamlessly translates into every aspect of MENA Hotels & Resorts, ensuring the highest quality and standards at all our hotels. In keeping with the Arabian culture and traditions all our properties are strictly committed to provide a safe and comfortable environment for families.”

Founded in 1975, under the leadership of Sheikh Abdulmohsin Al Hokair, Al Hokair Group boasts a portfolio of 80+ entertainment centres and 40+ hotels comprising more than 5000 rooms spread across KSA, UAE and JORDAN. Occupying over 882,226 sqm of space and employing over 4100 experienced professionals, the group serves over 8 million people annually.

Al Hokair Group will be present at Arabian Travel Market from 22 to 25 April on stand ‘HC 0570’ in Sheikh Saeed Hall in Dubai International Convention and Exhibition Centre.

About Al Hokair Group Founded in 1975, under the leadership of Sheikh Abdulmohsin Al Hokair, Al Hokair Group boasts a portfolio of 90+ entertainment centres and 40+ hotels comprising more than 5500 rooms spread across KSA, UAE and JORDAN. Occupying over 882,226 sqm of space and employing over 4100 experienced professionals, the group serves over 12 million people annually.

For more information about Al Hokair Group visit www.alhokair.com For more information about MENA Hotels, visit www.menahotelgroup.com

For media contact: Hina Bakht Managing Director EVOPS Marketing & PR Mob: 00971 50 6975146 Tel: 00971 4 566 7355 Hina.bakht@evops-pr.com www.evops-pr.com

Deyaar Hands Over Mont Rose Project

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Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, has started the handover process for the two residential towers in its iconic Mont Rose project which marks Deyaar’s first handover of 2018. Located in Dubai Science Park, the Mont Rose is a contemporary residential and hotel-apartment project. It comprises three towers: Mont Rose residential towers A and B, and one hotel-apartment tower, the Millennium Deyaar Mont Rose Apartments, which will be managed by Millennium & Copthorne, one of the fastest-growing hotel groups in the region. The hotel tower will begin operation in September 2018. Saeed Al Qatami, CEO of Deyaar said: “Delivering a project to our owners at the beginning of the year sets the tone for what we aim to accomplish in 2018. Mont Rose is one of our iconic projects, which is situated to take advantage of Dubai’s up-and-coming areas – including the Expo 2020 site. Deyaar is committed to delivering quality projects that meet our exacting standards, in terms of build, location, and return on investment.” Owners were invited to an orientation event to go through the handover process and the necessary procedures and to inspect their units before receiving their keys. Through this event, Deyaar aims to facilitate the delivery of units to new owners and familiarise them with their new units. Deyaar also expects to deliver The Atria in Q2 2018. Currently near completion, The Atria is located in Business Bay and comprises a four-star hotel apartment tower and a residential tower. The project has 347 serviced apartments managed by the Millennium & Copthorne Group, and 219 residential units. Residents will have access to facilities such as a luxury spa, fine dining restaurant, gymnasium, and an infinity pool that overlooks the iconic Burj Khalifa. Listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB), Deyaar is one of Dubai’s leading developers, with real estate ventures spanning key growth corridors and prime locations within the emirate. Over the years, Deyaar has delivered an extensive portfolio of commercial and residential properties, all offering the highest levels of service and quality.

FOUR SEASONS HOTEL BEIRUT SCOOPS TOP AWARDS AT HORECA 2018

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The talented Food and Beverage Team at Four Seasons Hotel Beirut is celebrating their recent win at HORECA 2018, after taking home 21 awards. Just like every year, the Hotel was in the limelight, with its team excelling in cooking, art of service and other competitions, acquiring medals and certificates of appreciation for their creative skills and high professionalism. Four Seasons Hotel Beirut won five gold medals in the perfect steak challenge, two courses Lebanese menu competition, plated desserts presentation and Lebanese sandwich competition. Six silver medals were won for the burger challenge, best croissant, best baguette, Lebanese sandwich, table service and meat flambage. A further four bronze medals including best chocolate egg display, table service and napkin folding were won and six merit awards across several categories including hot and cold tapas, manouche saj challenge, best éclair, best macaron and wine decanting were also awarded. “We are thrilled by the diversity and calibre of awards received by our team at HORECA this year. A result of the Hotel’s ever-growing investment in continually striving to nurture its established and upcoming talent. We congratulate all the winners who have come out on top after a thorough judging process. Their win will surely serve as an inspiration to their colleagues at the Hotel,” says Regional Vice President and General Manager Rami Sayess. HORECA is the country’s largest annual exhibition held for the hospitality, catering and food industries and boasts one of the region’s most sought after competitions. Visitors from the city were invited to watch more than 100 talented chefs compete in different categories ranging from five-course menus to novelty cakes, live cooking of signature dishes, carving competitions and the creation of decorative showpieces, before being judged by a panel of international experts.

ETISALAT, SINGTEL, SOFTBANK AND TELEFÓNICA CREATE GLOBAL CYBER SECURITY ALLIANCE

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  • Members to share cyber risk intelligence and security capabilities to protect enterprises from evolving cyber threats worldwide.
  • Alliance has presence in over 60 countries, combined 1.2 billion customers, over 20 SOCs and more than 6,000 security experts.
  • Combined capabilities with this Alliance would make it one of the world’s leading managed security services platform.
Etisalat, Singtel, SoftBank and Telefónica today signed an agreement to create the first Global Telco Security Alliance to offer enterprises a comprehensive portfolio of cyber security services. The alliance will be one of the world’s biggest cyber security providers, with more than 1.2 billion customers in over 60 countries across Asia Pacific, Europe, the Middle East and the Americas. Through their combined resources and capabilities, the group can protect enterprises against the rising cyber security risks as the information security environment becomes increasingly complex. Through the alliance, members can achieve operational synergies and economies of scale that will eventually help lower costs for their customers. The group’s members operate 22 world-class Security Operation Centres (SOCs) and employ more than 6,000 cyber security experts. To expand their global footprint, the alliance is open to bringing in new members over time. Under the agreement, the group will share network intelligence on cyber threats and leverage their joint global reach, assets and cyber security capabilities to serve customers worldwide. Leveraging each member’s respective geographic footprint and expertise, the alliance is able to support each other’s customers anywhere and anytime, allowing them to respond rapidly to any cyber security threats. To enhance their cyber security portfolio, the members will also look into the possibility of developing new technologies such as predictive analytics using machine learning and advanced cyber security for the Internet of Things. The alliance will also consider developing a joint roadmap for the evolution of their security portfolios and explore joint investments in security products and services, SOCs, platforms, start-ups and R&D. Supporting quotes from the Global Telco Security Alliance members: Francisco Salcedo, Senior Vice President at Etisalat Digital said: “With digital technologies gaining widespread adoption and driving innovation across industry verticals, the security landscape has evolved. Organizations now face a new breed of threats and need to manage digital risks in their environments. Today’s strategic alliance will give us a unique opportunity to work hand in hand with our telecom counterparts and deliver innovative security services for digital risk management.” “We need swift and coordinated global responses to defend enterprises that operate across transnational borders as cyber threats are increasing in frequency, scale and sophistication,” said Art Wong, Chief Executive Officer of Global Cyber Security at Singtel. “Singtel and its US-based subsidiary Trustwave are both well-established security leaders across the Asia Pacific, Europe and the Americas. The group’s resources, combined with those of its alliance partners, will provide a robust cyber security platform to protect our global customers, allowing them to thrive in the digital economy.” Andrew Schwabecher, Head of the Cloud & Cyber Security Division at SoftBank Corp. said, “Hackers have well-established and organized communities where they cooperate to produce cyber threats—it’s time that the world’s largest network of operators formed a global alliance to strengthen our defense against these attacks. SoftBank is excited to join the initial alliance partners including Singtel, Telefonica and Etisalat, to offer enhanced security to our customers and advance our cyber defense.” “The Security Alliance will help all its members to deliver disruptive innovation to secure our customers’ digital lives,” said Pedro Pablo Pérez, VP Security at Telefónica and CEO of Telefonica’s cybersecurity unit ElevenPaths. “For Telefónica, it’s a major step ahead in complementing our ability to develop as an intelligent Managed Security Service Provider and to continue to deliver outstanding growth.” About Singtel Singtel is Asia’s leading communications technology group, providing a portfolio of services from next-generation communication, technology services to infotainment to both consumers and businesses. For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For businesses, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, network infrastructure, analytics and cyber-security capabilities. The Group has presence in Asia, Australia and Africa and reaches over 685 million mobile customers in 22 countries. Its infrastructure and technology services for businesses span 21 countries, with more than 428 direct points of presence in 362 cities. For more information, visit www.singtel.com Follow us on Twitter at www.twitter.com/SingtelNews About Etisalat Group Etisalat Group is one of the world’s leading telecom groups in emerging markets. Etisalat’s current market cap is 152 billion AED (41 billion USD). With reported net revenues of AED 51.7 billion and net profit of 8.4 billion for 2017, Etisalat ranks amongst the most profitable telecom groups in the world. Its high credit ratings at AA-/A+/Aa3 reflect the company’s strong balance sheet and proven long-term performance. Headquartered in Abu Dhabi, Etisalat was established four decades ago in the UAE as the country’s first telecommunications service provider. An international blue-chip organization, Etisalat provides innovative solutions and services to 142 million subscribers in 16 countries across the Middle East, Asia and Africa. About SoftBank Corp. SoftBank Corp., a subsidiary of SoftBank Group Corp. (TOKYO:9984), provides mobile communication, fixed-line communication, and Internet connection services to consumers and corporate customers in Japan. Leveraging the innovative technologies of other SoftBank Group companies, SoftBank Corp. is also expanding into AI, smart robotics, IoT, FinTech, cloud security and other business sectors. To learn more, please visit www.softbank.jp/en/corp/group/sbm/ About Telefónica Telefónica is one of the largest telecommunications companies in the world in terms of market capitalization and number of customers. With its best in class mobile, fixed and broadband networks, and innovative portfolio of digital solutions, Telefónica is transforming itself into a ‘Digital Telco’, a company that will be even better placed to meet the needs of its customers and capture new revenue growth. The company has a significant presence in 20 countries and a customer base of 344 million accesses around the world. Telefónica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy. If you would like to know more about the Telefónica, please visit www.telefonica.com

JPMorgan Chase Declares Preferred Stock Dividend

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PMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) declared dividends on the outstanding shares of the Firm’s preferred stock issues as follows:
Preferred Stock Series Distribution (per Preferred Share) Distribution (per Depositary Share)
5.45% Non-Cumulative Preferred Stock, Series P $136.25 $0.340625
6.70% Non-Cumulative Preferred Stock, Series T $167.50 $0.418750
6.30% Non-Cumulative Preferred Stock, Series W $157.50 $0.393750
6.125% Non-Cumulative Preferred Stock, Series Y $153.13 $0.382825
6.10% Non-Cumulative Preferred Stock, Series AA $152.50 $0.381250
6.15% Non-Cumulative Preferred Stock, Series BB $153.75 $0.384375
The dividend payment date is June 1, 2018, to stockholders of record at the close of business on May 2, 2018. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. Investor Contact: Jason Scott, 212-270-7325 Media Contact: Joseph Evangelisti, 212-270-7438

Martin Sorrell has stepped down as CEO of WPP with immediate effect

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Sir Martin Sorrell has stepped down as Chief Executive Officer of WPP with immediate effect. Roberto Quarta, Chairman of WPP, becomes Executive Chairman until the appointment of a new Chief Executive Officer. Mark Read, Chief Executive Officer of Wunderman and WPP Digital, and Andrew Scott, WPP Corporate Development Director and Chief Operating Officer, Europe, have been appointed as joint Chief Operating Officers of WPP. Sir Martin will be available to assist with the transition. The previously announced investigation into an allegation of misconduct against Sir Martin has concluded. The allegation did not involve amounts that are material. In accordance with his at-will employment agreement, Sir Martin will be treated as having retired on leaving WPP, as detailed in the Directors’ Compensation Policy. His share awards will be pro-rated in line with the plan rules and will vest over the next five years, to the extent Group performance targets are achieved. Roberto Quarta said: “Sir Martin has been the driving force behind the expansion of WPP to create the global leader in marketing services. During this time, the Company has been successful because it has valued and nurtured outstanding talent at every level – within and well beyond our leadership teams. On behalf of the Board I would like to recognise these achievements and thank Sir Martin for his commitment to the business over more than three decades.” Sir Martin Sorrell said: “Obviously I am sad to leave WPP after 33 years. It has been a passion, focus and source of energy for so long. However, I believe it is in the best interests of the business if I step down now. I leave the Company in very good hands, as the Board knows. Mark and Andrew and the management team at all levels have the knowledge and abilities to take WPP to even greater heights and capitalise on the geographic and functional opportunities. I will particularly miss the daily interactions with everyone across the world and want to thank them and their families for all they have done, and will do, for WPP.” This announcement contains inside information. The person responsible for arranging for the release of this announcement on behalf of WPP is Marie Capes, Company Secretary. Contact: Richard Oldworth, Buchanan Communications +44 (0)7710 130 634 / +44 (0)20 7466 5000

International Expansion Continues with Six Flags-Branded Park in Saudi Arabia

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New Park Slated for 2022 Debut Will Be Part of Qiddiya, the Kingdom’s New Entertainment Destination

GRAND PRAIRIE, Texas–(BUSINESS WIRE)– Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company, and the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, today announced plans to develop a Six Flags-branded theme park in the city of Riyadh. Six Flags has entered into an arrangement with the PIF to develop, design and license the Six Flags brand for Qiddiya—Saudi Arabia’s first entertainment, sports and cultural destination—which is expected to open in 2022. “Innovation is synonymous with the Six Flags brand, and our international licensing business provides a unique opportunity to continue our strong global growth,” said David McKillips, President of Six Flags International Development Company. “We see great potential in the Saudi Arabian market and look forward to collaborating with the PIF to create a world-class entertainment destination for Saudi’s young and dynamic population.” Located 40km from downtown Riyadh, Qiddiya will provide an unprecedented leisure option for the seven million plus residents of the Saudi capital. The Public Investment Fund of the Kingdom of Saudi Arabia said, “The entertainment sector has an important role to play in the transformation of Saudi Arabia’s economy. The Six Flags-branded theme park in Riyadh and other similar developments will create new employment opportunities and harness the talent, energy and imagination of Saudi youth. Our investment in this sector is in line with our mission and delivers on a key element of Vision 2030.” Michael Reininger, Chief Executive of Qiddiya, commented, “Our goal is to create an exciting one-of-a-kind destination that will draw visitors from throughout Saudi Arabia to experience record-breaking roller coasters, innovative rides and attractions, as well as the sporting and cultural facilities that Qiddiya will offer. By partnering with a global leader, we know that we are going to deliver something exceptional.” Terms of the arrangement were not disclosed. About Six Flags Entertainment Corporation Six Flags Entertainment Corporation is the world’s largest regional theme park company with $1.4 billion in revenue and 20 parks across the United States, Mexico and Canada. For 57 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling waterparks and unique attractions. For more information, visit www.sixflags.com. Follow us on Twitter @SixFlags Like us on Facebook at facebook.com/sixflags About the Public Investment Fund: The Public Investment Fund (PIF) seeks to become one of the largest and most impactful sovereign wealth funds in the world, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia. To achieve this, the PIF is building a world-class, diversified portfolio through investments in attractive, long-term opportunities across sectors and asset classes at both the domestic and international level. Working alongside global strategic partners and renowned investment managers, the PIF acts as the Kingdom’s main investment arm to deliver a strategy focused on achieving attractive financial returns and long-term value for the Kingdom of Saudi Arabia, in line with Vision 2030. About Qiddiya The vision of Qiddiya is to be the iconic entertainment destination of the Kingdom, the home of activity, discovery and engagement. Backed by the Saudi Arabian Public Investment Fund, Qiddiya will be built 40km from downtown Riyadh. Visitors will have access to ground breaking recreational and educational facilities across six innovatively designed clusters: Theme Parks; Wheels and Wings; Scenic and Animal Encounters; Water and Snow; Sports; Events, Culture and Education. Groundbreaking will be in 2018, and the first phase of the development will be launched in 2022.