Ramadan 2023: UAE rallies together to raise Dhs404m for ‘1 Billion Meals’ Campaign

  • Date: 04-Apr-2023
  • Source: Gulf Business
  • Sector:Financial Markets
  • Country:UAE
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Ramadan 2023: UAE rallies together to raise Dhs404m for ‘1 Billion Meals’ Campaign

More than 70,000 donators, including individuals, institutions and businesses from both the public and private sectors, have raised Dhs404m in the first 10 days of the launch of the ‘1 Billion Meals Endowment’ campaign launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at the start of the holy month of Ramadan. Prominent UAE companies have announced contributions worth millions of dirhams towards the 1 Billion Meals Endowment campaign. Al Ansari Exchange, Azizi Developments, Sankari Group and Sobha Realty pledged Dhs50m, over a span of five years, towards the campaign, which aims to launch the largest Ramadan food aid endowment fund and will operate within a sustainable framework to provide a food safety net for the world’s most underprivileged populations. Dubai’s Al Ansari Exchange rang Nasdaq’s market opening bell on March 25, marking its support for the campaign. This was followed by Sobha Realty, who rang the bell on March 29, signalling their support for the campaign. Azizi Developments rang the bell on March 30. Mohamed Ali Al Ansari, chairman of Al Ansari Exchange, said, “The UAE leadership’s steadfast support of underprivileged populations through the launch of humanitarian initiatives