Madinet Masr (stock code MASR.CA), a leading Egyptian urban community developer, has announced a sponsorship agreement with the Masters Handball Team, composed of former Egyptian handball stars, Invest-Gate reports.

This partnership aims to prepare the team for the Masters Handball World Cup in Croatia, demonstrating Madinet Masr’s dedication to bolstering the sports sector in Egypt and supporting athletes of all ages.

The sponsorship agreement was signed by Abdallah Sallam, President and CEO of Madinet Masr, Ahmed Luxor, Wagih Tarek, and Ahmed Abd El Latif, representatives of the Masters Handball Team. Madinet Masr will provide full financial support to the team as they gear up for their upcoming tournament in Croatia. This sponsorship aligns with the company’s strategy to support Egyptian talents and elevate sports performance and competitiveness on a global scale.

Abdallah Sallam commented, “We are pleased with this cooperation, which marks a new chapter in Madinet Masr’s history as a sponsor of the Masters Handball Team. This reflects the company’s commitment to supporting the sports sector in Egypt and nurturing Egyptian talents. We aspire to create opportunities for Egyptian players of all ages to become world champions.”

The Masters Handball Team was formed after two former players discovered a special handball tournament for individuals aged 35 and above in Croatia. The team, consisting of 20 former handball champions, represents Egypt in the Masters Handball World Cup. In their previous participation, the team secured second place, with their goalkeeper being named the tournament’s best goalkeeper in 2023.

Notably, Madinet Masr’s sponsorship is part of its broader vision to invest in Egyptian sports development and help athletes achieve global recognition in Egypt’s name.