Page 438 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/19/24, 12:01 PM Sheikh Hamdan introduces new Dubai University, Sobha Realty donates Dh400M

"We signed an agreement today to establish a new university in Dubai, backed by a Dh400 million

donation from Sobha Realty," Sheikh Hamdan stated on X.

Mohammad Al Gergawi, Minister of Cabinet Affairs, highlighted the significance of the university
project in meeting international education standards.

"The charitable grant agreement signed with Sobha Realty is another significant step towards
achieving the goals of the Mothers’ Endowment campaign," Al Gergawi said.

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The Mothers' Endowment Initiative, launched by Sheikh Mohammed bin Rashid Al Maktoum

Global Initiatives, aims to support educational needs globally, especially for underprivileged
communities.

"It will enable thousands of students from the UAE and the region to enrol and finish their higher
education within an exemplary educational environment," Al Gergawi added.

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

signed with MBRGI is part of our efforts to promote 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 the Mothers’ Endowment campaign, as well

as the Group’s keenness to support charity and humanitarian initiatives launched by the UAE to
help millions around the world.”

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Sheikh Mohammed bin Rashid emphasized the transformative power of knowledge and the UAE's
commitment to providing education and hope to people worldwide.

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