Page 388 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/20/24, 1:00 PM Mohammed bin Rashid Al Maktoum Global Initiatives, Sobha Realty signed a charitable grant agreement to establish an AED 400 …
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.

International standards

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.

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“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

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