BRIEF-Saudi Aramco Announces Strategic Partnership With Zoom And Increase In Funding For Wa’Ed Ventures

SAUDI ARABIAN OIL CO: * COMPANY SIGNS STRATEGIC PARTNERSHIP WITH ZOOM

* $300 MILLION IN ADDITIONAL FUNDS ALLOCATED BY ARAMCO TO WA'ED VENTURES, BRINGING TOTAL FUND SIZE TO $500M * STRATEGIC PARTNERSHIP WITH ARAMCO AIMS TO BUILD ZOOM'S FIRST GLOBAL DATA CENTER IN THE KINGDOM, TO SUPPORT THE DIGITAL TRANSFORMATION ECOSYSTEM

* DATA CENTER IS EXPECTED TO CONNECT TO THE ZOOM GLOBAL DATA CENTER NETWORK AND WILL SERVE SAUDI ARABIA AND THE REGION * WITH ARAMCO, ZOOM WILL ALSO EXPLORE THE JOINT DEVELOPMENT OF INNOVATIVE TECHNOLOGY SOLUTIONS FOR THE ENERGY SECTOR Further company coverage:

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