Prudential Assurance and Prudential Unit Trusts, who have been the title sponsors of Combined Old Boys Rugby Association (Cobra)'s Charity golf championship, have pledged to support the Cobra's Financial Assistance Programme (FAP).
The FAP provides financial assistance to college students and unemployed graduates. The beneficiaries of the programme include rugby players and members of Cobra.
Prudential Assurance and Prudential Unit Trusts contributed RM15,000 as the title sponsors for this year's charity golf championship to be held at Kelab Golf Perkhidmatan Awan on Thursday. The other supporters of the championship are Carlsberg and Adidas.
Prudential Assurance chief executive officer Ng Keng Hooi said they were impressed by Cobra's commitment to the promotion and development of rugby.
“Cobra is a hotbed for rugby in Malaysia. They have gone one step further by helping young players with financial assistance. We are proud to be associated with this noble programme.
“Today, we would like to assure Cobra that Prudential Assurance and Prudential Unit Trust will continue to support the charity golf event every year,'' said Ng.
Prudential Unit Trusts chief executive officer Mark Toh said they were aware that more than 70% of Cobra players were university students from poor families.
Cobra president Datuk Krishnan Tan said about 10 players had benefited from the FAP.
“All the recipients had represented Malaysia in various international rugby tournaments. We don’t want these players to give up the game due to financial constraints. This year, we intend to place another five students in the programme,'' said Tan.
On the charity golf championship, Tan said 35 flights had been snapped up.