20 Talented Egyptians to Study Abroad on Citadel Capital Scholarship Foundation Awards

The Citadel Capital Scholarship Foundation, which provides financial assistance for talented young Egyptian students who wish to study at elite universities worldwide, has awarded 70 scholarships to date

The Citadel Capital Scholarship Foundation (CCSF) today hosted a reception at the Four Seasons Hotel to honor 20 recipients in its fourth annual round of scholarships. The CCSF grants full academic scholarships to talented young Egyptian men and women to pursue graduate degrees at world-class international institutions.

Eighteen of this year’s recipients are undertaking master’s-level studies, while two are studying at the doctoral level.

“The Citadel Capital Scholarship has assisted more than 70 of Egypt’s most talented and promising students to achieve their potential over the past three years and we are delighted to offer this opportunity to 20 students again in 2010,” said Dr. Nabil Elaraby, Chairman of the Board of Trustees of the Citadel Capital Scholarship Foundation. “The Foundation is, we hope, the source of education and opportunity for more than one generation of Egypt’s emerging leaders.”

Scholarship recipients study across all disciplines with only the condition that they return to Egypt to work after their graduation. CCSF recipients have studied a variety of disciplines, including filmmaking, anthropology, art, human rights and law, business, engineering, architecture, development, medicine and more.

“Education is a critical avenue to achievement — personally, professionally and nationally — in today’s advanced, global economy,” said Ambassador Hussein El-Khazindar, Secretary General of the CCSF’s Board of Directors. “The Foundation is committed to supporting Egypt’s talented students in their pursuit of the highest quality preparation for professional, artistic and academic excellence. Our ultimate aim is to provide Egypt with high caliber, internationally-competitive professionals across all fields.”

The CCSF has awarded scholarships to students from across Egypt, including Cairo, Giza, Alexandria, Menoufia, Ismailia, Assuit, Tanta and Aswan. Since its inaugural year in 2007, the Foundation has granted scholarships to support 58 Masters degrees and 12 PhDs.

“Citadel Capital created the Scholarship Foundation as a permanent opportunity for Egyptian students to have access to the world’s elite universities,” said Dr. Ahmed Heikal, Citadel Capital’s Chairman and Founder. “It is an honor to mark the fourth year we have offered this opportunity and we look forward to seeing the future contributions of these students to Egypt, the world and their diverse fields.”

“The CCSF is an outgrowth of our belief that world-class talent is nurtured not just at top global universities, but specifically at the masters and doctoral levels,” said Hisham El-Khazindar, Citadel Capital’s Managing Director and Co-Founder. “Ultimately, this kind of investment, and any investment in education, produces Egyptian students more prepared for the challenges of a global economy.”

Recipients of the Citadel Capital scholarships have attended institutions including Harvard, Stanford and Columbia universities in the United States, Oxford, Cambridge and University College London in the United Kingdom, Lund University in Sweden, University of Heidelberg in Germany, University of Helsinki in Finland and ESADE Business School in Spain, in addition to other world-class institutions.

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The Citadel Capital Scholarship Foundation helps bright Egyptian students pursue graduate degrees at elite international institutions on the condition they return to Egypt to work following graduation. The Foundation was established in 2007 by Citadel Capital, the leading private equity firm in the Middle East and North Africa. For more information, see www.citadelscholarships.org.

Citadel Capital (CCAP.CA on the Egyptian Stock Exchange) is the leading private equity in the Middle East and Africa. Citadel Capital focuses on building regional platforms in select industries through acquisitions, turnarounds, and greenfields executed via Opportunity Specific Funds. Citadel Capital’s 19 OSFs now control Platform Companies with investments worth more than US$ 8.3 billion in 14 countries spanning 15 industries, including mining, cement, transportation, food and energy. Since 2004, the firm has generated more than US$ 2.5 billion in cash returns to its co-investors and shareholders (on investments of US$ 650 million), more than any other private equity firm in the region. Citadel Capital is the largest private equity firm in Africa by PE assets under management (2005-2010, as ranked by Private Equity International). For more information, please visit www.citadelcapital.com.

For more information, please contact:

Ms. Ghada Hammouda
Head of Corporate Communications,
Citadel Capital (S.A.E.)

g...@qalaaholdings.com (click to reveal this email)

Tel: +20 2 2791-4440 • Fax: +20 22 791-4448
Mobile: +20 16 662-0002