Page 170 - SOBHA REALTY PR REPORT - APRIL 2024

4/3/24, 10:30 AM PRESSR: Mothers’ Endowment campaign raises over AED 1.4bln — TradingView News
confidence that, thanks to the community wide support it enjoyed,

the campaign will achieve its targets and will further cement the

UAE’s humanitarian role.

Major contributors

Among major contributors to the campaign, Azizi Developments

announced a contribution of AED 600 million for the establishment of

an endowment education complex, marking one of the largest

charity contributions in the UAE. Sobha Realty Group also

contributed AED 400 million to establish an endowment university as

part of the Mothers’ Endowment campaign, while West Zone Group

contributed AED 130 million to develop an endowment building that

will dedicate its proceeds to supporting MBRGI’s initiatives relating

to spreading knowledge and education around the world.

Most Noble Number charity auctions

A number of accompanying events helped support the Mothers’

Endowment campaign reach its target in record time, including the

Most Noble Number charity auctions held in Abu Dhabi and Dubai,

raising a total of AED 116,479,400 with support from Abu Dhabi

Police, Dubai Road and Transport Authority (RTA), etisalat by e& and

du.

The Most Noble Number charity auction in Dubai raised AED 38.095

million from auction RTA plate numbers, etisalat by e& and du

special mobile numbers. The 3rd Most Noble Number online charity

https://www.tradingview.com/news/reuters.com,2024-04-02:newsml_ZawgsyCq:0-pressr-mothers-endowment-campaign-raises-over-aed-1-4bln/ 4/6