Citadel Capital Scholarship Foundation Celebrates 100th Scholarship

The Citadel Capital Scholarship Foundation, which provides financial assistance for talented young Egyptian students to study at elite global universities worldwide on condition they return home to Egypt to work in their chosen fields, announces its 2012/13 class of scholars, marking the award of its 100th scholarship since its founding in 2007

The Citadel Capital Scholarship Foundation (CCSF) announced the recipients of its sixth annual round of scholars, bringing to 100 the number of talented young Egyptian men and women who have been granted academic scholarships to pursue graduate degrees at top international universities and institutions.

Seventeen members of the 2012 class of Citadel Capital Scholars will pursue master’s-level studies, while one is undertaking doctoral work. Each recipient of a Citadel Capital scholarship pledges as a condition of acceptance to return to Egypt to work in their chosen field following the completion of their studies.

“Education of tomorrow’s leaders has never been a more important national trust than today, as we stand on the cusp of true democracy,” said Ambassador Hussein El-Khazindar, Secretary General of the Board of Trustees of the Citadel Capital Scholarship Foundation. “Each recipient of a Citadel Capital Scholarship will then put their expertise to work making a tangible difference across Egypt, whether in the arts, the economy, the sciences or the humanities.”

One of the largest private-sector funded annual scholarship programs, the CCSF has sent scholars abroad to study in fields including engineering, filmmaking, anthropology, art, human rights, law, business, architecture, development, medicine and more.

“Citadel Capital scholarships are awarded to talented individuals regardless of their field of study — we are educating tomorrow’s lawyers, business leaders, architects, archaeologists, physicians and scientific researchers. Upon graduation, they will return home to build a globally competitive Egypt that cares for its sick, educates its young and creates better economic opportunities for citizens across all 27 governorates,” noted Amb. El-Khazindar.

The CCSF has awarded scholarships to students from governorates across Egypt, including Cairo, Giza, Alexandria, Menoufia, Ismailia, Assiut, Minya, Qaliubeyya, Daqqahleyya, Gharbeyya and Aswan.

“Despite the challenges Egyptian companies have faced in the past 18 months, there has never been a more important time for the private sector to support education,” said Ahmed Heikal, Citadel Capital’s Chairman and Founder. “By supporting the CCSF, we are proud to be part of the solution to challenges in dozens of fields in the arts and sciences, in engineering and in business. The award of our one-hundredth scholarship is a significant milestone in the creation of a new generation of young leaders who will make a difference in Egypt and the region in the decades ahead as they put to work their world-class educations.”

Recipients of Citadel Capital Scholarships have attended top global institutions including Harvard, Stanford, Duke, the University of Pennsylvania and Columbia universities in the United States; Oxford, Cambridge, the University of London and University College London in the United Kingdom; Lund University in Sweden; University of Heidelberg in Germany; University of Helsinki in Finland; Ghent University in Belgium; and ESADE Business School in Spain, among other top universities and institutes.

“In the years ahead, solutions to the challenges facing Egypt — and our ability to capture new opportunities — will demand not just creative answers, but the ability to ask the right questions to frame the debate in the first place,” said Hisham El-Khazindar, Citadel Capital’s Managing Director and Co-Founder. “There are no finer institutions at which to refine these skills while furthering professional education than at the universities at which Citadel Capital scholars are studying. It is an honor to recognize these individuals, and we look forward to great things in the future from each and every one of them.”

The 2012 Class of Citadel Capital Scholars includes:

Name University Field
Laila Hassan London Business School MBA
Sherif Yacoub Wharton Business School MBA
Farida El Kalagy London School of Economics MA in International Law
Dalia Magdy Pratt Institute MA in Historic Preservation
Khaled El Ashry UCL MSc Architecture Design & Computation
Magd Zahran UCL MA in Architectural & Urban Theory
Amina Abodoma Goldsmiths University MA in Cultural Entrepreneurship
Nadine Weheba SOAS, University of London MSc in Development Studies
Ereeny Yacoub UCL MA in Environmental & Sustainable Development
Salma Mansour Duke University MA in Economics
Amina Diab Oxford University MA in Middle Eastern Studies
Kirolos Sabry UCL MSc in Telecommunications & Business
Randa Fahmy Cambridge University MA in Sustainable Development
Hesham Shehata Leeds University MSc in Corrosion Engineering
Mohamed El Sheikh Imperial College London MSc in Surgical Science
Mariam Makramalla Cambridge University MPhil in Industrial Systems, Manufacturing and Management
Mohamed Abdel Aziz Texas A & M MSc in Construction Management
Mohamed A. Sallam Heidelberg University PhD in Cancer Molecular Biology



Citadel Capital (CCAP.CA on the Egyptian Stock Exchange) is the leading private equity firm 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. The firm’s 19 OSFs now control Platform Companies with investments of more than US$ 9.5 billion in 15 countries spanning 15 industries, including mining, cement, transportation, food and energy. Since 2004, Citadel Capital has generated more than US$ 2.2 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 (2007-2012, as ranked by Private Equity International). For more information, please visit

For more information, please contact:

Ms. Ghada Hammouda
Head of Corporate Communications
Citadel Capital (S.A.E.) (click to reveal this email)

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