Page 367 - 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
vulnerable populations across many countries. This agreement is particularly important to Sobha

Realty due to its association with Mohammed bin Rashid Al Maktoum Global Initiatives, as we

are keen to support charity and humanitarian initiatives launched by the UAE to help millions

around the world.”

“We are thrilled to be among contributors to the Mothers’ Endowment campaign, and the entity

responsible for developing the upcoming campus building 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 solidifying Dubai’s status as a global

destination, and an incubator of knowledge,” he added.

The endowment university, which aims to provide thousands of students with education

opportunities, reflects how a culture of endowments has matured and evolved in the UAE.

It is worth pointing out that the world’s top three universities and institutes are endowment

institutions. Harvard is a private, non-profit university with a US $50.7 billion endowment that

ranks 1st. Stanford comes next and is also a private non-profit university with a US $36.5 billion

endowment, while MIT, 3rd globally, has a US $23.5 billion endowment.

The Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid

Al Maktoum on 4 March, is organized under the Mohammed bin Rashid Al Maktoum Global

Initiatives and allows contributors to honour their mothers by donating on their behalf. It aims to

provide education and vocational training to underprivileged individuals by supporting education

across all levels and vocational tracks, allowing them a chance to improve their quality of life,

build their skills and prepare for the job market, which will ultimately drive the stability and

development in their communities.

The campaign seeks to revive the culture of endowments as a development tool that ensures

sustainable impact and giving, while at the same time highlighting the role of mothers in

supporting their children’s education. The campaign also establishes the values of honouring

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