The 121-year-old Mouawad Jewelry House has announced annual sponsorship to be provided to Omar Daniel, four-time winner of the World Championship in marine racing yachts. The news was reported by Fred and Pascal Muawad, co-patrons of the brand, during a press conference held at the Dubai International Maritime Club. In addition, during this conference, members of the press were presented with a new Mouawad watch line called The Grand Ellipse.
A sponsored Mouawad team, The Mouawad Offshore Powerboat, races the 2012 XCAT Middle East Powerboat Series and fights for the Grand Prix. It consists of two participants - Omar Daniel, who won the World Championship in marine racing yachts four times, and Gary Balo, who today has 11 victories in the championships and took part in 104 races.