Page 397 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/20/24, 1:02 PM Mohammed bin Rashid Al Maktoum Global Initiatives, Sobha Realty signed a charitable grant agreement to establish an AED 400 …
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 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.

https://hindustansaga.com/mohammed-bin-rashid-al-maktoum-global-initiatives-sobha-realty-signed-a-charitable-grant-agreement-to-establish-an-aed… 4/5