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10/21/24, 11:37 AM AWQAF Dubai shares with minor beneficiaries AED30.4 million in profits from investments made on their behalf - UAE - Emirates…
AWQAF Dubai shares with minor beneficiaries

AED30.4 million in profits from investments made on

their behalf

Published Sunday, October 20, 2024 By E247

The disbursements mark an increase of 13%, or AED3.4 million, compared to the previous year

The Endowments and Minors’ Trust Foundation in Dubai (AWQAF Dubai) has announced the distribution of AED30.4 million in profits
from investments made on behalf of minors and those under guardianship for the year 2024. The gesture aligns with AWQAF Dubai’s
core mission of managing and investing funds allocated for minors.

The profits were distributed among 2,263 minors and other beneficiaries in similar situations, reflecting an increase of 13% in
disbursements compared to the previous year, adding up to AED3.4 million. In 2023, the total profits distributed among minor
beneficiaries amounted to approximately AED26.7 million.

Unwavering commitment

His Excellency Ali Mohammed Al Mutawa, Secretary-General of AWQAF Dubai, emphasised the Foundation’s unwavering commitment
to its mission of safeguarding, managing, and investing funds earmarked for minors in line with the directives of His Highness Sheikh
Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

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