Faraj Ali bin Hamouda allocates a building worth 30 million dirhams in support of the “Mother of the Emirates Endowment for Orphans”

Emirati businessman Faraj Ali bin Hamouda, one of the first pioneers in the business sector in Abu Dhabi, allocated a building worth 30 million dirhams in support of the “Mother of the Emirates Endowment for Orphans” campaign, which was launched by the Endowments and Minors’ Funds Management Authority – Abu Dhabi Endowments, under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, “may God protect him,” and coinciding with the “Year of the Family.”

This qualitative initiative comes within the framework of supporting efforts aimed at providing a sustainable endowment funding source for orphan care, ensuring a more stable future for them, and contributing to improving their quality of life and enhancing their societal integration within an integrated system of care and support.

Allocating an entire building as an endowment for the campaign represents a practical model for converting assets into long-term development resources, which are invested according to an approved endowment mechanism, ensuring the sustainability of the returns and directing them to support the needs of orphans in the areas of education, health care, and decent living, in line with the strategic objectives of the campaign.

Faraj Ali bin Hamouda stressed that this initiative stems from a firm belief in the importance of the endowment as a strategic development tool that ensures continuity of support and maximizes humanitarian impact, noting that caring for orphans is a shared societal responsibility that requires the combined efforts of individuals and institutions to consolidate the values ​​of solidarity and interdependence.

He added that allocating the building as a permanent endowment asset reflects the conviction that investing in people is the supreme investment, and that transforming giving into a sustainable model is the best way to ensure a safer and more stable future for orphans.

For his part, the Director General of the Endowments and Minors’ Funds Management Authority, Fahd Abdul Qadir Al-Qasim, appreciated this initiative, stressing that allocating real estate assets as endowments enhances the strength of the endowment model adopted by the campaign, and contributes to consolidating the institutional endowment culture as a basic pillar in the sustainable social development system.

He pointed out that every contribution, regardless of its size, represents an additional building block in building an integrated support system, while this initiative represents a pioneering model of effective community partnership in supporting long-term humanitarian work.

This step falls within a series of qualitative initiatives witnessed by the “Umm Al Emarat Endowment for Orphans” campaign, which aims to revive the endowment in its modern form, and transform contributions into sustainable assets that ensure the continuity of giving and maximize its impact across generations, in a way that reflects the established values ​​on which Emirati society is based.