Buimerc Corporation Limited contributes Dh20 million to the Fathers' Endowment campaign
Buimerc Corporation Ltd. announced its plans to develop a Dh20 million endowment building in Dubai in support of the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Coinciding with Ramadan, the campaign is launched in honour of fathers in the UAE and aims to create a sustainable endowment fund to provide treatment and healthcare for the poor and needy.
Buimerc Corporation Limited has contributed to the endowment building within the education complex operated by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) in Dubai Academic City. Revenues from the endowment building will support the Fathers' Endowment campaign
and its goals of improving healthcare in underserved communities. This includes developing hospitals, providing essential medical equipment and medications, expanding capacity, and upgrading operating rooms. These investments will create sustainable opportunities to enhance the quality of life for those in need.
A sustainable solution
Siddharth Balachandran, Executive chairman and CEO of Buimerc Corporation, said: 'It is an honour to contribute to the Fathers' Endowment campaign launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum. This campaign reflects the UAE community's deeply ingrained culture of giving and its unwavering commitment to supporting the less fortunate around the world, ensuring they have access to dignified lives and sustainable healthcare.'
He added: 'Our support for this campaign and its noble objectives stems from our commitment to social responsibility and our desire to join the UAE community in alleviating suffering. The enthusiastic response from individuals, institutions, and businesses to this Ramadan endowment campaign is a testament to the strong spirit of social solidarity.'
Fathers Endowment
The Fathers' Endowment campaign, part of the Mohammed bin Rashid Al Maktoum Global Initiatives, honours fathers by allowing donations in their name. It promotes values of honouring parents, compassion, and social solidarity, while strengthening the UAE's philanthropic standing through a sustainable healthcare endowment for the less fortunate.
The campaign also aims to further establish the noble values for which the UAE is known, including generosity and global humanitarian solidarity, while promoting the concept of endowments and engaging the community to be part of the campaign's effort to provide sustainable healthcare to millions of people.
Buimerc Corporation Ltd, a diverse business and investment holding conglomerate headquartered in Dubai International Financial Centre (DIFC). It is an investment and operating holding company in India and
Dubai, complements its portfolio with strategic equity investments, fixed investments and macro institutional investments.
The company has expanded its investments across regulated global markets, including India, UAE, USA and EU. It is an approved accredited
investor in India. Over the years, Buimerc has invested in listed companies across various global markets, supported startup businesses through FDI, and engaged in manufacturing and value enhancement enterprises through its subsidiaries.
Buimerc Corporation is also dedicated to addressing various societal challenges through Govt initiated and approved philanthropic endeavours in the UAE, and through its philanthropic arm in India, the Buimerc India Foundation. The Buimerc Corporation Limited philanthropic initiatives focuses on education, environmental sustainability, Gender inclusivity, Animal welfare, minority empowerment programs, and disaster relief.
Donation channels
The Fathers' Endowment campaign continues to welcome donations and contributions to the endowment fund from institutions and individuals across six main channels including the campaign's website (Fathersfund.ae), as well as a dedicated call center via the toll-free number (800 4999). Donations are also possible via bank transfers in the UAE dirham to the campaign bank account number with Emirates Islamic Bank (IBAN: AE020340003518492868201). Donations via SMS are possible by sending the word 'Father' to the following numbers (1034 to donate AED 10, 1035 to donate Dh50, 1036 to donate Dh100 and 1038 to donate Dh500) for etisalat by e& and du users. Other possible platforms for donating to the campaign are the DubaiNow app by clicking the 'Donations' tab, and Dubai's community contributions platform Jood (Jood.ae).
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