The announcement was marked by a ceremonial ringing of the market opening bell at Nasdaq Dubai. The event was attended by Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, alongside representatives from the Mohammed bin Rashid Al Maktoum Global Initiatives , which organizes the campaign. The Fathers' Endowment campaign, launched during Ramadan, seeks to honor fathers in the UAE by establishing a sustainable endowment fund dedicated to providing medical treatment and healthcare for those in need.
The proposed endowment building by Peace Homes Development is expected to generate revenue that will be directed towards enhancing healthcare infrastructure in underserved areas. This includes the development of hospitals, procurement of essential medical equipment and medications, expansion of healthcare facilities, and upgrading of operating rooms. Such investments are designed to create long-term improvements in the quality of life for disadvantaged populations.
The Fathers' Endowment campaign encourages individuals to make donations in honor of their fathers, reinforcing values of filial respect, compassion, and community solidarity. It also aims to bolster the UAE's position as a leader in charitable and humanitarian efforts. By promoting the concept of charitable endowments, the campaign seeks to foster a community-wide movement dedicated to providing sustainable healthcare solutions for the less fortunate.
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UAE