Egyptian real estate developer cred has signed a EGP 5 million protocol with Rawabit Sports to support five athletes competing in the upcoming Paris 2024 Olympics, Invest-Gate reports.
The protocol reinforces cred’s commitment to fostering young talent and promoting sports in the country.
The five athletes receiving support are Mohamed Ibrahim (wrestling), Sarah Samir (weightlifting), Mohamed Hamza (epee fencing), Salma Ayman (modern pentathlon), and Shahd Samy (taekwondo). cred’s sponsorship will provide them with comprehensive support, including technical, physical, and psychological training, to ensure they are well-prepared to compete at their best and potentially bring home medals.
“We believe in helping and encouraging young people in all aspects of life, and sports are an integral part of that. We are proud to partner with Rawabit Sports to support these talented athletes and contribute to Egypt’s success in the upcoming Olympics,” said CEO of cred Ahmed Mansour.
Waleed Al-Mallah, Chairman of Rawabit Sports’ Board of Directors, echoed Mansour’s sentiment, highlighting the importance of private sector involvement in supporting athletes.
cred’s sponsorship aligns with its broader social responsibility initiatives focused on youth development. The company has previously partnered with the Ministry of Youth and Sports to support Olympic champions and launched the National Talent Project to discover sports talent across Egypt.
This latest initiative underscores cred’s commitment to supporting the Egyptian government’s efforts and measures within the framework of the State’s Plan for Sustainable Development 2052.
cred is a leading Egyptian real estate developer with a paid capital of EGP 1.2 billion. The company has developed over 400 projects across various segments, including residential, commercial, and administrative. cred is known for its innovative projects and commitment to sustainability.
Rawabit Sports is the first Egyptian company specializing in player sponsorship, marketing, and management, and organizing sporting events.
