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Abdullah Al Ghurair Pledges One Third Of His Assets To Launch Abdullah Al Ghurair Education Foundation
(8 July 2015)

 

Reflecting his commitment, dedication and on the occasion of UAE Humanitarian Work Day 2015, one of the UAE’s most respected business figures donated one third of his assets to equipping Arab youth with the knowledge and skills they need to become the leaders of tomorrow and drive the sustainable development of their communities. The Foundation will invest in innovative high impact programs that improve the quality of education at the primary and secondary levels while also helping a minimum of 15,000 promising Arab youth from underprivileged backgrounds pursue quality higher education for a value of 4.2 billion AED over ten years.

Abdullah Ahmad Al Ghurair, whose eponymous business group has interests including banking, food, construction and real estate, today unveiled the Abdullah Al Ghurair Education Foundation, a philanthropic institution dedicated to the advancement of young men and women in the UAE and the Arab World.

A legally registered entity, the Foundation owns one third of the assets of the Abdullah Ahmad Al Ghurair group of companies, including all revenues and profits. The Foundation’s board of trustees is chaired by HE AbdulAziz Al Ghurair; Abdullah Ahmad Al Ghurair’s son.

The launch of the Foundation coincides with UAE Humanitarian Work Day, held to honour the legacy of the founding father of the United Arab Emirates, Sheikh Zayed bin Sultan Al Nahyan.  HE AbdulAziz Al Ghurair announced the launch of the Foundation at a press conference today.

The Foundation will award grants based on a highly competitive process. It will work in partnership with the best education institutions in the region and the world. It will also promote academic subjects that address the needs of the local and global economy and the priorities of nation building. Grants for higher education will be made through a clear and transparent process and awarded based on merit to Emirati and Arab youth in need of financial assistance.

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