Commercial Bank today announced a three-year extension as title sponsor of the Commercial Bank Qatar Masters, one of The European Tour’s marquee global events with a US$2.5 million prize fund.
Commercial Bank is this year marking its 10th year as title sponsor of the event, from 2006, and announced its latest extension with the Qatar Golf Association on Monday. The new agreement will cover title sponsorship from 2016 through to 2018.
The 2015 Commercial Bank Qatar Masters begins on Wednesday at the magnificent Doha Golf Club, which has hosted the event since its inauguration in 1998.
Abdulla Saleh Al Raisi, CEO of Commercial Bank, said: “This year Commercial Bank is celebrating its 40th year as Qatar’s largest private bank and 10th year as title sponsor of the Commercial Bank Qatar Masters. Commercial Bank is now proud to announce a three-year extension to our sponsorship of the Commercial Bank Qatar Masters, one of The European Tour’s most prestigious and established events.”
“We have worked for a decade with our partners including the Qatar Golf Association, Qatar Olympic Committee, The European Tour and Doha Golf Club to help establish the Commercial Bank Qatar Masters into one of Qatar’s greatest sporting spectacles and our continued support is part of our commitment to the Qatar National Vision 2030. Based on Commercial Bank’s simple but powerful promise that ‘everything is possible’, we look forward to the tournament’s future with ambition and confidence.”
Hassan Al Nuaimi, President of the Qatar Golf Association, said: “We are delighted that our valued partner Commercial Bank has extended its sponsorship of the Commercial Bank Qatar Masters through to 2018. The tournament has grown immeasurably since Commercial Bank signed as title sponsor in 2006 and we’re now proud to host one of The European Tour’s most popular events. Commercial Bank’s continued title sponsorship will ensure the tournament goes from strength to strength and enhances Qatar’s position on the global sporting map.”
Sergio Garcia defends his title this week and is among a host of famous stars to lift the Mother of Pearl Trophy over the past 18 years, including Henrik Stenson,Ernie Els, Retief Goosen, Thomas Bjørn and two-time winners Adam Scott and Paul Lawrie.
Keith Waters, Chief Operating Officer of The European Tour, said: “The Commercial Bank Qatar Masters has been fortunate to have such a strong title sponsor for 10 years, so this three-year extension is fantastic news for the tournament and everyone at The European Tour thanks Commercial Bank for their continued commitment. The Desert Swing has been a key factor in the growth of golf in Qatar and the Middle East, and Commercial Bank’s support of the Qatar Masters is key to this development.”
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