Cairo : 00:00

New York : 00:00

London : 00:00

Beijing : 00:00

Dubai : 00:00

Carbon Holdings renews its sponsorship of SPP, continuing to support talented Egyptian youth

(Cairo, Egypt) Carbon Holdings, one of Egypt’s leading petrochemicals producers, is proud to announce the renewal of its sponsorship of Soft Power Productions (SPP), a non-profit organization that supports young talented musicians and opens avenues for them to pursue their talents on a professional level.

“At Carbon Holdings, we firmly believe that active social development is key to driving effective economic development. We have consistently strived to support and encourage our young Egyptian talent to succeed in all fields, be that sports, arts or education,” said Basil El-Baz, Chairman and CEO of Carbon Holdings. He also added, “In our ongoing partnership with SPP, we hope to set a positive example for our local peers in spreading a culture of excellence and achievement.”

Inspired by the work of her artist husband Dr. Farid Fadel, Dr. Mona Zaki founded SPP to enrich Egypt’s cultural scene, by supporting talented and professional young musicians and artists, establishing music as a major channel for cultural dialogue on both the national and international levels. SPP has supported more than 100 musicians, 50 actors, 20 dancers, set designers, and light and sound technicians. Through music, art, and cultural events, SPP has forged relationships and key associations across various nationalities, generations and cultural backgrounds.

“We are especially excited for SPP’s 2018-2019 season with its stated aim of supporting art projects that will place Egypt on the global art map as part of the national cultural tourism strategy,” said Karim Helal, Carbon Holdings’ Managing Director for Corporate Finance and Investor Relations. “We believe that such efforts are crucial to spreading awareness of Egypt’s rich and vibrant culture not only at a local or regional level, but at the global level as well,” Mr. Helal added.

The sponsorship is just the latest iteration of the company’s strategy to support and develop the landscape of Egyptian talent. Last May, Egyptian squash phenomenon Rowan Elaraby became the latest athlete to join the company’s sports sponsorship program following its sponsorship of squash world champions Ali Farag and Nour El-Tayeb

Carbon Holdings was founded in 2008 by Basil El-Baz, and is today Egypt’s leading developer and operator of petrochemicals. Its portfolio includes Oriental Petrochemicals Company (OPC), a top producer of polypropylene, and Egypt Hydrocarbon Corporation (EHC), the only producer of nitric acid and low-grade ammonium nitrate in the Middle East and Africa, and Tahrir Petrochemicals Corporation (TPC) which will be the largest liquid naphtha cracker in the world to produce polyolefins.

 

—Ends—

 

About Carbon Holdings:

 Carbon Holdings is a privately owned midstream and downstream petrochemical and process industrial plant company and is the principal shareholder and sponsor of several projects in the industrial zone in the Northwest Gulf of Suez, Egypt. Established in 2008 by Chairman and Chief Executive Officer Basil El-Baz, Carbon Holdings portfolio includes Oriental Petrochemicals Company (OPC), a top producer of polypropylene, and Egypt Hydrocarbon Corporation (EHC), the only producer of nitric acid and low-grade ammonium nitrate in the Middle East and Africa. The company is also establishing the Tahrir Petrochemical Complex with an investment of circa USD 11 billion, which will be located in Suez Canal Free Economic Zone.

 

Contacts:

Carbon Holdings

Hana Shoukry

Tel: +20 (0)2 3344 4774

Email: hshoukry@carbonholdings.com

 

International Enquiries:

Hudson Sandler

Nick Lyon / Bertie Berger

Tel +44 (0) 207 796 4133

Email: carbonholdings@hudsonsandler.com

 

Forward-looking statements:

This communication contains certain forward-looking statements. A forward-looking statement is any statement that does not relate to historical facts and events, and can be identified by the use of such words and phrases as “according to estimates”, “aims”, “anticipates”, “assumes”, “believes”, “could”, “estimates”, “expects”, “forecasts”, “intends”, “is of the opinion”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “to the knowledge of”, “will”, “would” or, in each case their negatives or other similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements containing information on future financial results, plans, or expectations regarding business and management, future growth or profitability and general economic and regulatory conditions and other matters affecting the Company.

Forward-looking statements reflect the current views of the Company’s management (“Management”) on future events, which are based on the assumptions of the Management and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. The occurrence or non-occurrence of an assumption could cause the Company’s actual financial condition and results of operations to differ materially from, or fail to meet expectations expressed or implied by, such forward-looking statements.

The Company’s business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to differ materially from those expressed or implied by the forward-looking statements contained in this prospectus. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this communication.