a day ago
Awqaf Dubai Approves AED35.7 million in Direct Benefits for 2025, Marks 16% Increase
The Board of Directors of the Endowment and Minors' Trust Foundation in Dubai (Awqaf Dubai) has authorised AED35.7 million in direct financial benefits for 2025, marking a 16% increase over last year's allocation.
The decision was made during the Board's tenth meeting of the year, chaired by Issa Al Ghurair, with the participation of Ali Al Mutawa, Secretary-General of Awqaf Dubai, and other senior members.
The approved cash dividend represents a 3.5% return on investment, reflecting Awqaf Dubai's efforts to maximise sustainable yields while maintaining transparency and responsible governance. In addition to the dividend, AED14.3 million was allocated to the reserve fund to further reinforce financial stability.
During the meeting, the Board reviewed the 2024 financial report, which revealed that the Minors' Trust Fund, valued at AED1.022 billion, generated AED64 million in revenue. After AED14 million in expenses, the resulting net surplus stood at AED50 million, forming the basis for this year's dividend distribution.
The Board also assessed ongoing investment projects, most notably the Al Khawaneej Mall development, a flagship initiative aimed at enhancing endowment returns and contributing to Dubai's broader economic and social goals. The Board praised the project's progress and emphasised the importance of meeting its scheduled milestones.
Issa Al Ghurair reaffirmed Awqaf Dubai's commitment to developing impactful endowment projects that support community needs, promote social cohesion, and align with Dubai Vision 2030. Secretary-General Ali Al Mutawa highlighted the Foundation's focus on expanding endowment assets and fund portfolios with the goal of long-term sustainability and benefit for minors.
The meeting underscored Awqaf Dubai's dedication to effective financial stewardship and sustainable development, ensuring a lasting positive impact on the communities it serves.
News Source: Emirates News Agency
