Mohammed bin Rashid attends MBRGI endowment agreements signing

Sharjah 24 – WAM: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the signing of agreements between the Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI) and Imtiaz Developments, SAMANA Developers, and Buimerc Corporation Ltd.

Purpose of the agreements

Under the agreements, each developer will construct an endowment building within MBRGI’s education complex at Dubai Academic City in support of the Fathers’ Endowment campaign, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum.

The Fathers' Endowment campaign

Coinciding with Ramadan, the Fathers’ Endowment campaign was launched in honour of fathers in the UAE. The campaign aims to create a sustainable endowment fund to provide healthcare and treatment for the poor and needy.

Endowment building details

Mohammad Al Gergawi, Minister of Cabinet Affairs and Secretary General of MBRGI, signed agreements with Masih Imtiaz, CEO of Imtiaz Developments; Imran Farooq, CEO of SAMANA Developers; and Siddharth Balachandran, Executive Chairman and CEO of Buimerc Corporation Ltd. The value of the endowment buildings is AED50 million, AED40 million, and AED20 million, respectively.

Impact of the endowment buildings

Revenues from the endowment buildings will support the Fathers’ Endowment campaign, enhancing healthcare access for those in need. This includes the development of hospitals, provision of medical equipment, and expansion of healthcare capacity.

Vision and values behind the campaign

Mohammad Al Gergawi emphasizsed that the Fathers’ Endowment campaign reflects the vision of HH Sheikh Mohammed bin Rashid Al Maktoum for sustainable giving and his belief in philanthropy as a vital tool for positive change.

UAE's commitment to philanthropy

Al Gergawi also highlighted the importance of Ramadan campaigns in reinforcing the UAE’s global leadership in humanitarian efforts, underscoring the deeply rooted values of compassion and generosity in Emirati culture.

Encouraging donations

The Fathers' Endowment campaign continues to welcome donations from institutions and individuals through multiple channels, including the campaign’s website, SMS, bank transfer, and the DubaiNow app.

Donations can be made by sending the word ‘Father’ to specific SMS numbers for various amounts or via the UAE’s community platform, Jood.ae.