Dear customers, partners, employees,

After many years of hard work and innovation, Motabei has become one of the leading tracking, navigation and automation companies in Saudi Arabia, providing AVL solutions, custom navigation, telematics software, and consulting and outsourcing services to the nation’s leading businesses and governments.

Our success has come from our continuing investment in cutting-edge research and development, attracting and retaining the best talent, and forging close relationships with all of our customers and partners. As a result, our brand, products, solutions and services have come to be recognized in the national marketplace for their uncompromising reliability and quality.

Under the leadership of our senior management team, and with the excellent execution of our staff, we have successfully expanded our core capabilities to include fleet management, IVR for tracking, and mobility solution customization.

I’m very pleased to report that, thanks to your strong support, Motabei is now ready to start operating worldwide. The next few years will be exciting for us as we prepare to scale new heights. We will continue to provide strategic and visionary solutions for our customers, while strengthening our portfolio of products and broadening our customer and partner base in new industry sectors.

On behalf of the board, I would like to acknowledge again the great work performed by our staff and partners, and thank our customers for their invaluable feedback and support. We also thank our shareholders for their continued faith and confidence in our ability to take Motabei into the future.

Yours sincerely,

Chairman
Motabei for Electronic Systems