Page 359 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

“The Mothers’ Endowment campaign, which aims to honour mothers by establishing an
endowment fund that supports the education of millions of people across underprivileged

communities, reflects a profound understanding of the true meaning of charity and
humanitarian work as catalysts for progress and empowerment. By providing impoverished
individuals with high quality education, the initiative provides them with the hope and
means to create a better future,” His Excellency Al Gergawi said.

“The charitable grant agreement signed with Sobha Realty is another significant step
towards achieving the goals of the Mothers’ Endowment campaign. It will enable thousands
of students from the UAE and the region to enroll and finish their higher education within
an exemplary educational environment,” he added.

PNC Menon, Founder and Chairman of Sobha Realty, said: “The charitable grant agreement
signed with MBRGI is part of our efforts to promote collaboration to implement impactful
projects that benefit vulnerable populations across many countries. This agreement is
particularly important to Sobha Realty due to its association with the Mothers’ Endowment

campaign, as well as the Group’s keenness to support charity and humanitarian initiatives
launched by the UAE to help millions around the world.”

“We are excited to be one of the contributors to the Mothers’ Endowment campaign, and
the entity responsible for developing the campus building of the endowment university in
Dubai. We strongly believe that investing in the endowment university will reap huge
benefits in the future, both locally and regionally, positively impacting development efforts

while reinforcing Dubai’s status as a global destination, and an incubator of knowledge,”
he added.

Strong culture of endowments

The endowment university, which aims to provide thousands of students with education
opportunities, demonstrates the maturation and evolution of the UAE’s culture of
endowments.