Page 175 - SOBHA REALTY PR REPORT - APRIL 2024

“The Mothers’ Endowment campaign is a driving force that aims to support and
prepare millions of youth across underserved communities through education
and training that will leave its mark in their lives. The campaign has received

generous contributions and announced key agreements with major contributors
to launch innovative endowment projects,” he added, expressing his 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 AED600 million for the establishment of an endowment education

complex, marking one of the largest charity contributions in the UAE. Sobha
Realty Group also contributed AED400 million to establish an endowment

university as part of the Mothers’ Endowment campaign, while West Zone Group
contributed AED130 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 AED116,479,400
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 AED38.095 million from

auction RTA plate numbers, etisalat by e& and du special mobile numbers. The
3rd Most Noble Number online charity auction, organized by Abu Dhabi Police,

raised AED78,384,400 from auctioning 555 special plate numbers.

Innovative initiative

https://www.msn.com/en-ae/news/other/mothers-endowment-campaign-raises-over-aed14-
billion/ar-BB1kWPVq