My domain name was registered based on old regulations; will the new regulations’ terms and conditions be applied on me?

As it is well known that the regulations are subject to change and update from time to time, so Registrants shall be bound by any revised terms and conditions as well as any additional terms and conditions. Therefore, a continuation use of the domain name by a registrant shall constitute that the registrant acceptance of the revised and new terms and conditions. Registrant not willing to be bound by any of such changes shall submit a service request to SaudiNIC for cancellation of its domain name registration. The registrant acknowledges and agrees that cancellation will be its exclusive remedy whether it is from a request from the registrant or as a result of not willing to abide by any changes to the regulation.