The grant is a supplementary contribution to an existing grant of $100,000 payable over four years, which was extended by the Citigroup Foundation.
Proceeds will be used to provide financial assistance to eligible students pursuing undergraduate degrees at the Suliman S. Olayan School of Business. Citigroup and the Citigroup Foundation have been long time supporters of the AUB's scholarship program, and this grant follows a prior contribution in the amount of $ 150,000, which ended in 2002.
Elia S. Samaha, Managing Director - Citigroup Country Officer for Lebanon and Advisory Board Member to the AUB's Olayan School of Business, recently presented W. Stephen Jeffrey, AUB 's Vice President for Development and External Relations, with the donation.
"Citigroup has been a steady supporter of the AUB's scholarship program. We are proud to support higher education in Lebanon through financial aid contribution as well as direct employee involvement.
Citigroup's local and international staff are actively providing financial training to AUB students through focused, practical coursework stemming from Citigroup case studies," according to Samaha.
In April 2005, Citigroup employees and alumnus developed and delivered an accredited AUB course together with AUB staff entitled Risks in Commercial Banking. "For the third consecutive year, we've been developing and delivering this course at the AUB. This clearly demonstrates our resolve to assist the student population with a package of financial contribution and to be part of the learning process at the business faculty through various initiatives," said Samaha.
"We commend Citigroup for its continued interest in providing educational opportunities to talented young people from this region, particularly Lebanese students. Their support is significantly important to AUB at this time as we proceed with a five-year fund raising drive, which started in October 2002 and extends until September 2007," said Mr. Jeffrey. "In its Campaign for Excellence, the University plans to raise $140 million for various projects. Of this amount, $15 million is designated for financial aid to students, the largest single component of the Campaign. I am pleased to report that over two thirds of our target has been realized, thanks to generous contributions from corporate citizens such as Citigroup."
Citigroup's presence in Lebanon dates back to the 1950s. Since re-establishing its fully licensed branch in Beirut over nine years ago, Citigroup has evolved into an active corporate citizen, with a particular interest in supporting financial literacy and education.
Browse
related articles
Citigroup Foundation increases its commitment to the AUB
- Lebanon: Monday, July 11 - 2005 at 14:42
- PRESS RELEASE
Citigroup today announced a new $25,000 grant from the Citigroup Foundation to support the American University of Beirut (AUB)'s scholarship program.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Log in to request more information from Citigroup
Notes and media contacts
Citigroup (NYSE: C), the preeminent 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, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity.Based on the belief that knowledge is your greatest asset, the Citigroup Financial Education Program is a global, company-wide effort to identify, support and implement initiatives that help give individuals, families and communities 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, including the Citigroup Financial Education Program Curriculum and Facilitator's Guide may be found at: http://financialeducation.citigroup.com
The American University of Beirut (AUB) was founded in 1866 as a private, independent, non-sectarian institution of higher learning, functioning under a charter from the State of New York. The University is governed by an autonomous Board of Trustees comprised of international leaders in business, education, diplomacy, engineering, philanthropy, science, and medicine.
Since its founding, AUB has set standards in higher education worldwide. The University provides a rigorous curriculum in the American liberal arts tradition and the language of instruction is English. Academic programs are offered in undergraduate, graduate, medical, and professional education. The University stresses high academic standards and is committed to the ideals of critical thinking, open debate, and diversity. AUB is a coeducational institution that is open to all qualified students without regards to race, religion, economic status, or political affiliation. The University places a high premium on developing a student's appreciation of, and responsibility to, his/her respective society and culture. Additional information may be found at: www.aub.edu.lb
For further information, please contact:
Walter Siouffi
Public Affairs Officer
Citigroup
(961-1) 738-400
Karim Seifeddine
Public Affairs Officer
Citigroup
Phone: ++971 4 311 4392
Posted by Janeta Novakovic, Assistant News EditorMonday, July 11 - 2005 at 14:42 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds