The Qalaa Holdings Scholarship Foundation Announces its Eleventh Class of Scholarship Recipients in Ceremony at the Greater Cairo Library; Launches Two New Scholarships Presented by Qalaa’s Energy Subsidiaries TAQA Arabia and ERC

In it’s eleventh consecutive year of operation, the Qalaa Holdings Scholarship Foundation awarded 12 students with the opportunity to complete graduate degrees abroad at some of the world’s most prestigious universities bringing the total number of scholarships to 163; 2017 sees the launch of two new scholarships presented by TAQA Arabia and the Egyptian Refining Company (ERC) both under the Foundation’s management

The Qalaa Holdings Scholarship Foundation (QHSF), Egypt’s largest private-sector funded scholarship program, announced the recipients of its eleventh annual round of scholarships, bringing the total number of scholarships awarded thus far to 163. The 2017-2018 scholarship recipients will be pursuing Masters degrees at leading Universities in US, UK, France and Sweden.

“It is truly an honor to be providing these promising young men and women with the opportunity to further their knowledge and broaden their horizons in a wide variety of cutting-edge disciplines. Education is key to empowering our youth so that they can make positive contributions to Egypt’s development in the years to come. It has been our experience that during their time abroad, our scholars gain critical thinking skills, professional qualifications, and international connections that will hopefully equip them to make a lasting impact on their communities when they return to Egypt,” said Qalaa Holdings Chairman and Founder, Ahmed Heikal.

“We are also proud to be launching two new scholarships this year sponsored by our subsidiaries TAQA Arabia and the Egyptian Refining Company (ERC), and managed by our Foundation. Our energy subsidiary, TAQA, is offering scholarships to students working in the renewable energy sector so that they may further their knowledge in this crucial area that will be of strategic importance for Egypt going forward,” said Heikal. “The ERC scholarship is not sector specific but it does give priority to applicants who reside in ERC’s local community, Matarreya,” he added.

QHSF was established by the founders of Qalaa Holdings eleven years ago in the belief that education is the key to ensuring a more prosperous future for Egypt. In order to guarantee the Foundation’s sustainability regardless of economic challenges, an endowment was established to fund its uninterrupted operation. It is through this endowment and the exceptional management of the Foundation that QHSF has been able to maintain the volume and frequency of its scholarship program throughout the years.

“Recognizing the crucial link between diversity and innovation, we have sought out talented young men and women from across the country, with equal opportunities given to female and male scholarship recipients. In the class of 2017-2018 we are proud to see the number of female students in our program exceed the number of males,” said Qalaa Holdings Co-Founder and Managing Director, Hisham El-Khazindar. “Our students also have a diverse array of passions and will be pursuing degrees in fascinating fields ranging from Transportation Planning and Behavioral Economics to Optics and Photonics and Costume Design.”

QHSF scholarship recipients are required to return to work in Egypt after the completion of their studies. Alumni have thus far made impressive contributions and have been involved in progressive business and cultural initiatives that are starting to make a real impact on Egypt’s future in areas such as renewable energy, architecture, education and archeology. QHSF scholarship recipients have come from 13 governorates throughout Egypt including Cairo, Giza, Alexandria, Menoufia, Ismalia, Assiut, Minya, Qalyubiya, Dakahlia, Aswan, and Beni Suef.

Commenting on the notable achievements of the Foundation’s alumni, QHSF Chairman of the Board, Dr. Nabil Elaraby said, “Nothing gives us greater pleasure than seeing these talented young people excel. We are proud to be in a position that allows us to contribute to their success stories and to participate in making education more accessible for all Egyptian youth.”

QHSF’s eleventh annual class of scholarship recipients was announced at a ceremony at the Greater Cairo Library and was attended by H.E. Ghada Waly, Minister of Social Solidarity as well as leading members of the business, NGO and diplomatic communities including the Swedish and Brazilian Ambassadors to Egypt and Deputy Head of the British Embassy.

The 12 students who were awarded scholarships this year will be pursuing Masters degrees at top global universities including Harvard, Oxford, Imperial College, INSEAD, and KTH Royal Institute of Technology in Sweden.

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 region. Even on the level of Qalaa’s subsidiary companies, community development projects have focused on various types of education including technical and vocational training as well as higher education and teacher training programs. Qalaa’s education initiatives are inline with the United Nation’s Sustainable Development Goals (SDG’s), a set of 17 universal goals that UN member states have officially adopted in September 2015 to tackle global problems of inequality. The work of the Foundation specifically addresses SDG 4, Quality Education.

For the second year in a row Qalaa Chairman and Founder Ahmed Heikal and his wife May are presenting their New York University (NYU) Scholarships. This year they awarded two Egyptian students scholarships to pursue degrees in Law and Film Making at NYU.

Qalaa subsidiaries TAQA Arabia and the Egyptian Refining Company (ERC) also awarded their first round of annual graduate scholarships for Egyptian students to study abroad. The ERC scholarship is part of “Mostakbaly” an overall initiative to improve the quality of education in Egypt, that includes six annual grants for residents of ERC’s local community to pursue undergraduate studies at the American University in Cairo (AUC) and the Arab Academy for Science and Technology (AAST), and annual scholarships for 30 primary and kindergarten teachers to partake in AUC’s “Teaching Early Learners” (CELE) program.

Name

University

Field

Radwa Salem

University of Birmingham

MA in Archaeology

Nashwa Maatouk

University of the Arts

MA in Costume Design

Mai ElShaarawy

Harvard

LLM (Masters in Law)

Osama Nabil

Imperial College London

Msc in Optics & Photonics

Islam Gaber

KTH Royal Institute of Technology

Msc in Transportation Planning

Alaa Sayed

Imperial College London

Msc in  Novel Medical Therapies

Nada AbdelGhany

Nottingham University

Msc in Behavioral Economics

Mohamed Roheim

Oxford

MSc in Political Science

May and Ahmed Heikal NYU Scholarship 2017/2018

Amin Remon

New York University

LLM (Masters in Law)

Nagham Othman

New York University

MFA in Filmmaking

TAQA Scholarship 2017/2018

Mohamed Bassiouny

(employed in renewables sector) INSEAD

MBA

ERC Scholarship 2017/2018

Andrew Botros

University of Sheffield

MA Health Economics

—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