Al-Mawaddah Association participates in a workshop on investment funds and portfolios

The General Authority of Awqaf organized a workshop on endowment investment funds and portfolios on Tuesday, 13th of Rabi Al-Awwal, 1443 AH. This workshop is one of the developmental initiatives launched by the General Authority of Awqaf in collaboration with the Capital Market Authority, aimed at meeting societal and developmental needs and achieving the goals of Vision 2030 in providing financial sustainability for non-profit organizations and endowment entities. Al-Mawaddah Association, known for its active role in family development, was represented by Mr. Abdulrahman Zein, the Director of Financial Resources and Investment.

It is worth mentioning that the total assets of endowment investment funds amount to 9 funds totaling over 400 million Saudi Riyals, distributed across various developmental areas including orphan care, healthcare, community development, mosque maintenance, and support for the most vulnerable groups. The total assets of the funds increased by 61% in the second quarter of 2021 compared to the same period in 2020.