Cairo - March 6, 2023 :

Allianz Group of Companies in Egypt, the leader in the insurance sector, announced the renewal of its partnership and sponsorship of swimming champion Farida Othman, making Allianz in Egypt the official insurance sponsor of the Egypt Golden Butterfly Parade during the next two years.

The sponsorship includes providing the necessary support to the Olympic champion in her journey towards achieving her dream of the 2024 Paris Olympics. Farida Othman will also supervise a training camp held annually in cooperation with Allianz in Egypt with the aim of preparing emerging talents from the children of Allianz employees in Egypt and its customers who are passionate about the sport of swimming. This comes within the framework of Allianz's strategy in Egypt to support Egyptian sports and its champion athletes. Especially swimming, in line with the efforts of the state represented by the Ministry of Youth and Sports to prepare athletes for the 2024 Paris Olympics.

In this context, Mr. Ayman Hegazy, Chairman of the Board of Directors and CEO of Allianz Group of Companies in Egypt, commented: “We are happy to renew the sponsorship of the Allianz Ambassador in Egypt, the Olympic champion Farida Othman, so that we may continue together the path of success that has distinguished our ambassador in the game of swimming, wherever we are keen at Allianz in Egypt.” To support Egyptian sports to contribute to the development of its ecosystem by sponsoring our sporting champions and institutions responsible for developing sports, in addition to establishing partnerships with prestigious entities to prepare sports talents. Farida Othman is one of our most important ambassadors in sports and is the best example of the success of our choices at Allianz for these ambassadors. Pointing out that the company will work hard to increase community awareness and highlight the struggles and heroism of heroes and support them wherever they are.”

For his part, Mr. Mina Abdel Shahid, CEO of the market management sectors of the Allianz Group of Companies in Egypt, said: “We at Allianz in Egypt are proud to support our sports heroes, as sports are an integral part of our strategy to invest in society, and we are pleased to renew the sponsorship contract for our ambassador, Farida Othman, for two years.” We continue to support her in her journey full of championships and medals, and we are confident of our distinguished heroine’s abilities to continue these achievements in the coming period, especially with the preparations for the 2024 Paris Olympics approaching.” Pointing out that the new sponsorship contract will include the establishment of a training camp held annually, supervised by Farida Othman, through which young talents in the game from the children of Allianz employees and their customers will be trained, and it will be a good opportunity for them to benefit from what the Allianz ambassador went through during her successful career, stressing that Allianz is looking forward to During the coming period, we will continue to support the swimming champion until she achieves her dreams and takes them to the greatest extent.

For her part, Allianz Ambassador Farida Othman, a champion swimmer, expressed her happiness at renewing the sponsorship with the Allianz group of companies in Egypt, saying: “I am proud to renew the sponsorship with Allianz in Egypt, which is one of the private sector companies that is keen to sponsor sports talent in general and swimming in particular.” I look forward to seeing the results of this cooperation in the near future as preparations for the 2024 Paris Olympics approach. I am also excited to launch the training camp in cooperation with Allianz, appreciating the role of Allianz as a role model for private sector companies in supporting sports and athletes in Egypt.

While sports is one of the most important core axes of Allianz’s strategy in Egypt to invest in society. As an active member of society, the leading insurance company seeks to contribute to the development of the sports ecosystem in Egypt. This is achieved by providing continuous support to Egyptian champions in addition to sports institutions and entities, the most recent of which was the renewal of cooperation with the Post Swimming Academy to qualify Egyptian talents from a young age in the game of swimming and get them to the podiums in international forums.

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About Allianz companies in Egypt:

"Allianz" is a German multinational insurance company, operating since 1890. The company was established in Egypt in 1976, under the name of the Arab International Insurance Company, and in 2000 it was completely acquired by Allianz under the current trade names, which is Allianz Life Insurance Company, Allianz Insurance Company, which provides comprehensive insurance services, such as life insurance, medical insurance, and property insurance for individuals and companies in 16 branches and through strategic partnerships with major banks operating in Egypt.

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