Hamdan bin Mohammed: Dubai further strengthens its leadership in the endowment sector, with assets reaching AED10.3 billion

Hamdan bin Mohammed: Dubai further strengthens its leadership in the endowment sector, with assets reaching AED10.3 billion

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, said that under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the emirate has achieved remarkable success in expanding endowment assets and enhancing service endowments. Dubai witnessed an impressive 18% increase in endowment assets compared to the previous year, with total endowments reaching 948, His Highness noted. The assets represent a combined value of AED10.3 billion.
His Highness made these remarks during a reception hosted for the Endowments and Minors’ Trust Foundation in Dubai (Awqaf Dubai) team, led by His Excellency Essa Al Ghurair, Chairman of Awqaf Dubai. During the meeting, His Highness was briefed on key developments in the field of endowment work in Dubai. He also praised the Foundation for its efforts in supporting the objectives of the Dubai Social Agenda 33.
“Dubai has created a supportive environment for endowments to deliver benefits to various segments of the community and drive sustainable development. The growth in the number of endowment assets in Dubai reflects the community’s growing awareness of the importance of endowments