- £1 million gift to London Business School to support Lebanese students with financial need
Dubai, United Arab Emirates: London Business School (LBS) has received a £1 million gift from Transmed to establish the Transmed Scholarship Programme.
The pledge will provide two full tuition fee awards each year over the next five years. The Scholarship will be open to Lebanese candidates across all LBS degree programmes who demonstrate financial need.
Transmed is a consumer goods and foodservice marketer, distributor and manufacturer established in Lebanon in 1946 with operations across the Levant, Gulf, Africa and Europe.
Chairman and CEO, Fouad Es-Said, said: “We are super excited to be partnering with LBS, a global leading business school, to help the best and brightest Lebanese students with financial needs to accomplish their graduate degrees.”
The £1 million gift forms part of the School’s wider Forever Forward Campaign, which aims to raise £200 million over five years. Forever Forward will support the School’s purpose: to have a profound impact on the way the world does business and the way business impacts the world. The Campaign will enable greater investment in scholarships, research, innovation and the learning environment.
François Ortalo-Magné, Dean of LBS, commended Transmed on their support for greater socio-economic diversity in business education:
“Transmed’s generous support in our first Campaign established the Transmed Lecture Theatre, in which thousands of students and executives have since enjoyed classes. It is inspiring to see them now offer a transformational opportunity to talented Lebanese individuals who otherwise would not be able to afford a world-class business education. This is a wonderful example of business having a positive impact and leading by example.”
About London Business School: London Business School is one of the world’s leading business schools. London Business School’s academic strength and global outlook drives original and provocative business thinking. They challenge conventional wisdom, transform careers and empower people to change the way the world does business. Renowned for teaching entrepreneurship since the late 90s, for the cultivation of start-up ventures, and the promotion of innovation, London Business School is similarly well-known for its research insights into financial markets and its exceptional teaching of the key instruments that drive today’s financial sector.