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Wednesday, February 21, 2024

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General Authority of Awqaf partners with Abdullah Al Othaim and Sons Charitable Foundation to launch endowment investment portfolio

SAUDI ARABIA: The General Authority of Awqaf (GAA) has signed an MoU with the Abdullah Al Othaim and Sons Charitable Foundation to launch an endowment investment portfolio worth SAR1 billion (US$266.44 million) to support societal needs in various fields and achieve sustainable economic development for non-profit entities, according to an official statement.

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