Page 375 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/20/24, 1:22 PM Mohammed bin Rashid Al Maktoum Global Initiatives, Sobha Realty signed a charitable grant agreement to establish an AED 400 …
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 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.

Major step

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.

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