Page 415 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/19/24, 11:59 AM MBRGI and Sobha Realty sign charitable grant agreement to establish Dh400 million endowment university in Dubai - Aletih…
Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to honour mothers by establishing an Dh1
billion endowment fund to support the education of millions around the world.

Pursuant to the agreement, Sobha Realty will construct and develop an Dh400 million university campus building in

Dubai. The contribution represents one of the UAE’s largest charity donations. Upon completion, the project will be
handed over to MBRGI.

The proposed endowment university aims to further diversify higher education options available in Dubai to domestic
and international students in undergraduate and postgraduate programmes.

International Standards

Mohammad Al Gergawi, Secretary General of the Mohammed bin Rashid Al Maktoum Global Initiatives, said the

establishment of an endowment university in Dubai that meets the highest international standards in education and
research reflects Highness Sheikh Mohammed bin Rashid Al Maktoum’s belief in the role education plays in advancing

human civilisation and achieving prosperity, stability and development.

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