His Majesty directs creation of Omani Endowment Foundation for strategic investment

His Majesty directs creation of Omani Endowment Foundation for strategic investment

His Majesty Sultan Haitham bin Tarik, during his chairmanship of the Council of Ministers meeting, emphasized the creation of the "Omani Endowment Foundation."

The post His Majesty directs creation of Omani Endowment Foundation for strategic investment appeared first on The Arabian Stories News.Muscat: The Ministry of Endowments and Religious Affairs underscored the importance of His Majesty Sultan Haitham bin Tarik’s directives, highlighting the establishment of the Omani Endowment Foundation as a key milestone. This foundation is set to harness qualified expertise from both the public and private sectors in investment and financial management, ensuring that the endowment funds are utilized effectively and sustainably.

His Excellency Dr. Muhammad bin Saeed Al Mamari, Minister of Endowments and Religious Affairs, affirmed the Ministry’s commitment to bringing His Majesty’s vision to fruition. He noted that the Ministry is actively coordinating with relevant authorities to establish the Omani Foundation for the Management and Investment of Endowments, which will also include a robust governance framework.

Dr. Al Mamari emphasized that these royal directives are crucial for achieving the broader objectives of the endowment sector. They aim to preserve and promote the cultural significance of endowments, ensuring that they meet their intended purposes and support the sectors for which they