Abu Dhabi University (ADU) announced today that it has received a 180,000 AED grant from the Citigroup Foundation towards ADU’s Sanabil financial aid program, at a ceremony held at the University earlier this week. The grant will be used to provide scholarships to14 students pursuing Bachelor Degrees in Management, Marketing and Finance at ADU’s College of Business Administration.
His Excellency Ali Saeed Bin Harmel Al Dhaheri, Chairman, ADU, and Mr. Sajjad Razvi, Citigroup Country Officer attended the ceremony, along with ADU’s faculty and Citigroup’s management.
“We are proud to be associated with such a prestigious international organization; we applaud Citigroup’s willingness to help the UAE community through financing the education of students whose only restriction to obtaining qualifications is financial,” said HE Ali Saeed Bin Harmal Al Dhaheri, Chairman, ADU. “This donation will enhance the offerings that the Sanabil program presents to our nation’s students and will give them the opportunity to obtain a quality education with international standards,” he added.
Sanabil is a charitable program co-founded by ADU, a group of business men, and local philanthropists who aim to enhance the country’s educational standards and develop the University’s social and human capacity. The Citigroup donation will help cover up to 100% of tuition and fees to selected number of students, following a full assessment of their financial situation.
“Our support for the Sanabil scholarship program at ADU underscores Citigroup’s commitment to supporting financial education in the UAE in order to help achieve the national goal of educating local professionals, mainly in business disciplines. We are proud to be associated with ADU and look forward to partnering with the university in other strategic initiatives.”
Recently, Citigroup and the Citigroup Foundation announced a 10-year, $200 million global financial education commitment, the formation of a new Office of Financial Education and a global initiative designed to encourage its 300,000 employees around the world to devote time to support financial education and other charitable causes. Under the new initiative, employees may take a day off from work to volunteer for non-profit organizations in their communities.
About Abu Dhabi University
Abu Dhabi University was chartered as a private institution of higher learning in the year 2000 under the patronage of H.H. Sheikh Hamdan Bin Zayed Al Nahyan, Deputy Prime Minister, and Minister of State for Foreign Affairs, and President of the University of Abu Dhabi Board of Trustees and Governors. The University is licensed by the Ministry of Education with all its degree programs accredited. The University of Abu Dhabi currently serves about 1,800 students at its three campus locations in the Emirate of Abu Dhabi. It is currently building new campus in Khalifa City to be completed in the Summer of 2006. All programs are open to eligible students from all nationalities. The University uses the American model of higher education for its Colleges of Arts and Sciences, Business Administration, Computer Science and Information Technology and English Language Institute.
About Sanbil
Sanabil offers two options:
‘Hasad’ – A full scholarship program which includes all tuition, fees, books, registration and other expenses.
‘Qutuf’ – A financial aid program that offers up to 50% of tuition and fees, after assessing the student’s financial situation.
About Citigroup
Citigroup (NYSE: C), the leading global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com
Based on the belief that knowledge is your greatest asset, the Citigroup Financial Education Program is a global, company-wide effort working jointly with the Citigroup Foundation to identify, support and implement initiatives that help give individuals, families and institutions the tools needed to make sound financial decisions. Citigroup’s 10-year, $200 million global commitment is focused in three areas: Personal Financial Education, Small Business Financial Education, and Institutional Financial Education. Additional information about Citigroup’s Financial Education Program, including Foundation guidelines, links and resources, the Citigroup Financial Education Program Curriculum and Facilitator’s Guide, may be found at: www.financialeducation.citigroup.com
