Six students benefit from “du” scholarship fund

The initiative, funded to the tune of AED 2 million, will cover 15% of the students’ overall tuition fees

Tags: Du (www.du.ae)United Arab Emirates
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Six students benefit from “du” scholarship fund The investment made in youth today will reap multiple benefits in the future, says Juma.
By  David Ndichu Published  May 4, 2017

American University of Sharjah has chosen six students from five different countries as the beneficiaries of the Emirates Integrated Telecommunications Company (du) Scholarship Fund.

The students, who hail from Pakistan, Sri Lanka, Iraq, Somalia and Canada, were chosen based on their GPA scores and financial requirements. The Scholarship Fund will contribute 15% to the overall tuition fees for each student, a total of an AED 2 million capital fund. The interest earned, will be matched by AUS and the collective interest earned will be used to provide scholarships. Furthermore, the AED 2 million fund provided by du to AUS is for perpetuity, as the capital will be held for years to come, and the interest earned will benefit many students in the university. 

“We continue to believe that the investment made in our youth today will reap multiple benefits in the future. As a UAE national company, we are committed to supporting educational efforts through our corporate sustainability initiatives,” said Abdulwahed Juma, executive vice president, brand and communications, du. “We wish the beneficiaries of our fund the best of luck with their studies.”

"We are grateful to our corporate partners, whose support for our initiatives has helped us develop into the region's top institution for higher education." said AUS chancellor Björn Kjerfve.

The Emirates Integrated Telecommunications Company (du) Scholarship Fund was established in partnership with AUS to enable meritorious, financially challenged students’ access to the excellent education provided by AUS. The Fund amount, held in trust by AUS, will continue to benefit students with interest earned for many years to come.

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