Page 391 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

Mohammed bin Rashid Al Maktoum Global Initiatives, Sobha Realty signed a
charitable grant agreement to establish an AED 400 million endowment university
in Dubai, marking one of the UAE’s largest charity donations

RD Times OnlineMarch 19, 2024
0 3 minutes read

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UAE, [Dubai], 19 March 2024: In the presence of His Highness Sheikh Hamdan bin
Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Vice Chairman of the

Board of Trustees of Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI),
MBRGI and Sobha Realty signed a charitable grant agreement for the establishment of

an endowment university in Dubai, as part of the Mothers’ Endowment campaign,
launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President

and Prime Minister of the UAE and Ruler of Dubai, to honour mothers by establishing
an AED 1 billion endowment fund supporting the education of millions around the world.
Under the agreement, Sobha Realty will construct and develop an AED 400 million

university campus building in Dubai over4 years, marking one of the UAE’s largest
charity donations. The project will be handed over to MBRGI who will cooperate with a

prestigious international university that will run the endowment university.

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