05 January 2015

Dubai Kahayla Classic Now Worth US$1m Thanks to New IPIC Deal

Meydan Pillar Partner’s Support Brings Dubai World Cup day Total Prize Money to $30m

IPIC has become the first company to sponsor two races on Dubai World Cup day after signing a deal to empower the 2000m Group 1 Dubai Kahayla Classic for Purebred Arabians to the tune of US$1m.

Already a Meydan Pillar Partner and the sponsor of the 1000m Group 1 $1m Al Quoz Sprint for Thoroughbreds, IPIC’s deal boosts the total Dubai World Cup day prize purse to an even $30m.

The Dubai Kahayla Classic is the opening race on the Dubai World Cup card and is renowned as the ‘Dubai World Cup for Purebred Arabians’.

“Following the successful sponsorship of the CISM World Military Endurance Championship, the 2014 Al Quoz Sprint, and recently the DIEC Ride CEN 120Km open ride, IPIC is proud to empower the Dubai Kahayla Classic for Purebred Arabians to become the first company to sponsor two races on Dubai World Cup day,” said His Excellency Khadem Al Qubaisi, Managing Director of IPIC.

“IPIC’s support of the special 20th season of the Dubai World Cup underlines our position as a Pillar Partner of Meydan and emphasises our status as a global company that is associated with the UAE’s strong heritage of horse racing."

Meydan Group Board Member and Chairman of Meydan Racing Committee, Malih Al Basti said: “It is fantastic news that IPIC is to empower the Dubai Kahayla Classic. As an existing Pillar Partner and race sponsor we are delighted that IPIC has decided to take the relationship with Meydan further and support a second race on Dubai World Cup day.

“With this announcement IPIC has added one of the world’s premier Purebred Arabian contests to their existing flat race portfolio which already includes the Al Quoz Sprint, a top-tier contest which attracts some of the world’s best sprint stars. We look forward to welcoming IPIC to Meydan on the Dubai World Cup Carnival night of February 28 and on the 20th Dubai World Cup day on Saturday March 28, 2015.”

Established by Emiri decree in 1984, IPIC is a long-term investor in overseas energy and energy-related assets and undertakes strategic projects on behalf of its shareholder the Government of the Emirate of Abu Dhabi.