23 April 2015
Dunia launches 'The Emirati Leaders Scholarship Program'for students at university level;

Applications are now open

Dunia Finance, a leading UAE based financial services provider, today announced the launch of a pioneering new program; 'The dunia Emirati Leaders Scholarship Program' to help develop Emirati talent into the business leaders of tomorrow.

The latest Emirati-focused program represents a further commitment by dunia to empower and enable local talent through education and employment opportunities.The program is open to all Emirati students who are currently enrolled in 3rd or 4th year of University,  a Master's or PhD course within the UAE or overseas.

The scholarship, which will be offered to two outstanding Emirati students - one male and one female - covers tuition fees for the duration of their courses up to a maximum of AED 250,000* from the date of the scholarship grant until completion of the educational program.  The students will also receive a stipend of AED 3,000 per month during the course of their studies.Upon graduation, the two successful candidates will also be offered a full time role with dunia for a minimum of two years.

The scholarship follows dunia's announcement earlier in April that it has launched a new Young Leaders Scholarship Program, with up to AED 400,000 spread across the 20 scholarshipsavailable.

Education and continual learning is one of the four key pillars of dunia's corporate social responsibility platform - dunia Cares - under which it is able to further a range of causes that seek to empower people, enrich lives and enable success. Since inception, the company introduced the "Kawader dunia" program,an innovative learn and earn initiative aimed at developing Emirati talent - be it full time senior leadership roles, part time roles or entry level roles for fresh graduates. This programoffers Emiratis the opportunity to learn, work and advance their careers through the use of the best educational tools, training programs and development schemes.

Dunia continuously engages with leading universities, whether for hiring future young leadership talent, as well as for the continuous development of its own employees through executive development programs at leading international universities. In light of this, dunia recently nominated 3 ambitious Emirati studentsfor an MBA program in top international universities. The development of UAE talent remains a top priority for dunia.

Commenting, Rajeev Kakar, Managing Director & CEO of Dunia, said:

"We are proud to announce this fantastic scholarship program, specifically tailored towards the Emirati community.We hope it will help encourage more peopleto pursue further education, develop their leadership skills, and play an active part in growing the UAE economy. Through scholarships like this and close cooperation with universities and other stakeholders, we aim to empower our local talent to be the future leaders of tomorrow.

"People are the driving force behind any business so investing in their educational advancement and future working careers is imperative.Dunia is committed to sustainable, successful employment for UAE nationals, and our strategy reflects a patient and long-term approach to human-capital development. This is an approach focused not just on quantity but more importantly on quality."

Applicants interested in applying for the dunia Emirati Leaders Scholarship program can visit www.dunia.ae/emiratischolarship for more details.

-Ends-

About Dunia Finance
Dunia is an Abu Dhabi headquartered finance company operating in the UAE. It is a strategic investment and alliance created by a group of leading players namely:

• Mubadala - a wholly owned investment vehicle of the Government of the Emirate of Abu Dhabi

• Fullerton Financial Holdings - a wholly owned subsidiary of Temasek Holdings in Singapore

• Waha Capital - a holding company engaged in owning, selling, leasing and investing in various types of fixed and movable assets worldwide

• A.A. Al Moosa Enterprises - one of the leading business groups in the UAE 

Dunia aims to focus nationally on the key Mass Affluent and Mass Market segments in the Consumer Financial services side, and on the SME and Small business customers on the Business Finance side. Through a nationwide presence in the UAE, dunia provides a full-function product range, including a secured and unsecured loans, credit cards, financial planning services, deposits, financial guarantees and payroll processing for non-individual customers.

Dunia is unique in its use of a customer-centric approach that aims to deliver a differentiated, yet relevant and unique value proposition that caters to the holistic product, convenience, experience, and service expectations of people in the UAE. All this is delivered sustainably and predictably to customers through processes and a proposition that is supported by investment in state-of-the-art technology and capabilities; and through partnerships with service providers who excel in their individual areas of expertise. Dunia is led by a senior management team comprising of talented and seasoned business leaders with significant global experience.

Dunia means 'the world' in Arabic and in several other languages spoken in the UAE. Dunia aims to offer its customers a world of opportunities.

*or equivalent in any other currency

FOR MORE INFORMATION, PLEASE VISIT WWW.DUNIA.AE OR CONTACT:

Mariam Elsamny, Chief Marketing Officer
Dunia Finance
Email: mariamelsamny@dunia.ae
Tel: +971 528559555

Media Contacts
Yasmine Kassem
Bell Pottinger
Email: ykassem@bellpottinger.com
Tel: +971554710294

© Press Release 2015