The Qalaa Holdings Scholarship Foundation Celebrates 10 Years and 151 Scholars

Qalaa Holdings commemorated the 10th anniversary of its scholarship foundation and celebrated the achievements of 151 Egyptian youth who have studied abroad at some of the world’s most prestigious universities and are contributing positively to the development of their country

The Qalaa Holdings Scholarship Foundation (QHSF), Egypt’s largest private-sector funded scholarship program, proudly announced yesterday the names of its 10th class of scholarship recipients. The 2016-2017 class of scholars includes 13 students representing 6 Egyptian governorates and brings the Foundation’s total number of scholarships awarded up to 151.

“The Qalaa Holdings Scholarship Foundation is an organization that we hold very dear to our hearts as it encapsulates our belief in education and the potential of Egyptian youth. We are immensely gratified to be giving our 10th class of talented scholars the opportunity to pursue their dreams through graduate study programs at elite universities across the globe,” said Qalaa Holdings Chairman and Founder, Ahmed Heikal.

“Egyptian youth ultimately have the future of the country in their hands, giving them access to educational opportunities is crucial at this stage in Egypt’s development. QHSF is an extension of our belief that education is the single most powerful tool that will empower our younger generations and allow them to build a better future,” said Qalaa Holdings Co-Founder and Managing Director, Hisham El-Khazindar.

“Ten years ago we established this foundation with an endowment that would ensure its continuity and enable it to award approximately 15 Egyptian students each year with academic scholarships with the only condition being that they return to work in Egypt upon graduation,” added Heikal.

“Today I am deeply honored to report that these students have made us proud. Not only have they fulfilled their obligation to return home but many of them are now pioneering new industries such as solar energy, affecting public policy through work with government ministries and innovating in diverse fields from medicine, to architecture, archeology and conservation.”

QHSF’s 10th annual class of scholarship recipients was announced at a special gala event at the Salah El Din Citadel attended by Egyptian and foreign dignitaries including the Egyptian Minister of Social Solidarity, Mrs. Ghada Waly.

Mrs. Waly praised the work of the Foundation and encouraged Qalaa Holdings to continue with their efforts in funding education through QHSF and developing the capabilities of Egypt’s youth through the training and knowledge transfer initiatives that are being undertaken by the company and its subsidiaries.

Speaking at the 10th anniversary ceremony in his capacity as Chairman of the QHSF Board, Nabil Elaraby, the Secretary General of the Arab League said, “If we can successfully combine policymaking with private-sector investment in enabling access to higher education, both locally and abroad we can bring about significant change in this country. Our QHSF alumni are already making a very positive impact in their respective fields; they are living proof that with the right education and international exposure there are no limits to what can be achieved.”

The 13 students who were awarded scholarships this year will be pursuing Masters degrees in cutting edge fields including Energy Law, Molecular Biotechnology, Subsea Engineering and Endovascular Neurosurgery among others at universities in the U.S., the UK, Italy, and the Netherlands. The scholars represent the governorates of Cairo, Giza, (Banha) Qaliubiya, (Shebin El Koum) Menoufiya, (Tanta) Gharbeya, and Alexandria.

“One of the things that is unique about our scholarship program is that it’s not Cairo centric, our scholars represent a diverse cross-section of Egyptian society. By casting our net wide and providing our youth from cities throughout the country with educational opportunities that they may not have otherwise had access to, we are enabling them to make a positive impact on the economic and social well being of the country,” said Ambassador Hussein El-Khazindar, Former Assistant Minister of Foreign Affairs and Secretary General of the QHSF Board.

Qalaa Holdings has always believed that the private sector should lead by example to help bring about more sustainable and inclusive growth in Egypt and the wider region. Early on the company moved beyond the traditional concept of corporate social responsibility (CSR) and charitable donations to incorporate the social dimension as part of their core activities by pursuing the types of responsible or impact investments that will foster inclusive growth. Even on the level of Qalaa’s subsidiary companies, community development projects have focused on education on all levels including technical and vocational training as well as higher education.

This year an additional scholarship was also awarded personally by Qalaa Chairman and Founder Ahmed Heikal and his wife May to an Egyptian student to attend New York University (NYU). The first recipient of the annual May and Ahmed Heikal NYU Scholarship is, Ibrahim Shehata, who will be pursuing a graduate degree in Law.

Recipients of Qalaa Holdings’ Scholarships have attended top international institutions including Harvard, Stanford, Duke, Wharton, Columbia, the University of Pennsylvania, New York University, Cornell, Tufts and Johns Hopkins in the United States; Oxford, Cambridge, SOAS, University College London, Imperial College London and the London School of Economics in the United Kingdom; Lund University in Sweden; University of Heidelberg in Germany; Science Po in France, University of Helsinki in Finland; Ghent University in Belgium; and ESADE Business School in Spain, among other top universities and institutes.

QHSF Class of 2016-2017

Name University Field
Mahmoud Khalifa University of Aberdeen LLM in Energy Law
Rabab Ahmed Kings College MSc in Global Mental Health
Shady Tammam University of Birmingham MSc in Molecular Biotechnology
Mohamed Draz Oxford University MSc in Endovascular Neurosurgery
Amaal Mohamed University of Leeds MA in International Education Management
Sherif Eltarabishy University College London MSc in Architectural Computation
Ahmed El Desoky Politecnico di Milano MSc in Urban Planning & Policy Design
Ramy Imam Georgia Tech MSc in Mechanical Engineering
Mustafa Amer University of Aberdeen MSc in Petroleum Engineering
Ahmed Radwan University of Aberdeen MSc in Subsea Engineering
Yasmine El Baily Stanford MBA
Yasmine Sweilam Lund University MSc in Economic Development
Hussein Suleiman Kings College MA in Political Economy
May and Ahmed Heikal NYU Scholarship 2016/2017
Ibrahim Shehata New York University LLM

—Ends—

The Qalaa Holdings Scholarship Foundation (formerly 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 Qalaa Holdings, an African leader in infrastructure and industry. For more information, see www.qalaascholarships.org.

Qalaa Holdings(CCAP.CA on the Egyptian Stock Exchange) is an African leader in energy and infrastructure. Formerly known as Citadel Capital, Qalaa Holdings controls subsidiaries in industries including Energy, Cement, Agrifoods, Transportation & Logistics, and Mining. To learn more, please visit qalaaholdings.com.

For more information, please contact:

Ms. Ghada Hammouda
CMO & Head of Marketing Communications
Qalaa Holdings

ghammouda@qalaaholdings.com

Tel: +20 2 2791-4439
Fax: +20 22 791-4448
Mobile: +20 106 662-0002