Page 366 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/20/24, 1:21 PM Sobha Realty Makes One Of UAE’s Largest Charity Donations
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 over 4 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.

With a capacity of 2,000 students, the Dubai-based endowment university aims to further

diversify higher education options available in Dubai to domestic and international students in

undergraduate and postgraduate programmes.

His Excellency Mohammad Al Gergawi, Secretary General of Mohammed bin Rashid Al

Maktoum Global Initiatives, said the establishment of an endowment university according to the

highest international standards in Dubai reflects the vision of His Highness Sheikh Mohammed

bin Rashid Al Maktoum of prioritizing education as the core of human civilization, and the

optimal path towards realizing aspirations of prosperity, stability and development.

“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 deep understanding of the true meaning of charity and humanitarian work

as means to drive progress and empower impoverished individuals by providing them with

education and the hope that they can create a better future,” His Excellency Al Gergawi said.

“The charitable grant agreement signed with Sobha Realty is one step ahead towards achieving

the main objective of the Mothers’ Endowment campaign, by allowing thousands of students from

the UAE and the region to enroll and finish their higher education within a model educational

environment,” he added.

PNC Menon, Founder and Chairman of Sobha Realty, said: “The charitable grant agreement

signed with MBRGI is part of our collaboration to implement impactful projects that benefit

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