Page 339 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

this. We’ll take four years to build this university and we’ll use very high-
quality finishes,” added the Omani billionaire businessman born in Kerala.

Menon reiterated the importance of not retaining wealth solely for personal
gain but rather advocated for allocating a significant portion of it to benefit
society.

“This money is for philanthropy, and I want to deliver it at the earliest because
my age may not be by my side. Even if I go, my son will take over and this will
be delivered as it’s very important (project). That money is not family money.
It's philanthropic money. I keep 50 per cent for the family and I allocate 50 per
cent of my own earnings to society.”

The initiative is 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 a Dh1 billion endowment fund supporting the education of
millions around the world.

Tie-up with a US university

https://www.khaleejtimes.com/hi/uae/construction-for-dubais-endowment-university-set-to-
begin-by-late-2024