Gates Foundation to Establish Regional HQ in Mohammed bin Salman Non-Profit City as Part of MOU with Misk Foundation

Riyadh, Saudi Arabia (ots/PRNewswire) - The Mohammed Bin Salman Foundation
"Misk" has entered into a framework agreement with the Bill & Melinda Gates
Foundation to support and enhance youth engagement in the non-profit sector
within the Kingdom, and to initiate joint global programs in the focus areas of
both foundations. The strategic partnership was unveiled on the sidelines of the
World Economic Forum Special Meeting in Riyadh, where it was also revealed that
the Gates Foundation will establish its first regional headquarters within
Mohammed Bin Salman Nonprofit City, 'Misk City', in Riyadh.

The agreement, signed on behalf of Misk by CEO Dr. Badr Al Badr, and for the
Bill & Melinda Gates Foundation by Mr. Joe Cerrell, Managing Director, Europe,
Middle East, and East Asia, sets forth a collaborative framework designed to
empower the Saudi youth community and foster an environment conducive to
impactful global outcomes. The partnership will enhance the sharing of
resources, training opportunities, and program development, substantially
boosting Misk's capacity to provide significant empowerment opportunities for
youth. "To support the implementation of the programs announced today, the Bill
& Melinda Gates Foundation will establish its first office in the region within
Mohammed Bin Salman Nonprofit City. We are committed to partnering with the Misk
Foundation to enhance youth engagement and the effectiveness of the third
sector," announced Mr. Joe Cerrell, Managing Director, Europe, Middle East, and
East Asia at the Gates Foundation during WEF.

The agreement will enable Misk to benefit from the Gates Foundation's expertise
in education, technology, and health sectors to amplify its pivotal role in
providing high-caliber empowerment opportunities for the Kingdom's youth in the
non-profit sector. Additionally, the agreement will allow the Gates Foundation
to expand its geographic footprint and leverage Misk's expertise in the
non-profit and youth empowerment sectors, along with the advanced infrastructure
and exceptional service network of Mohammed Bin Salman Non-Profit City.

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Contact:

Mohammed Abdulla,
[e-mail],
[phone]

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OTS: Mohammed bin Salman Foundation "MISK"