emirates7 - The Board of Directors of the Endowment and Minors’ Trust Foundation in Dubai (Awqaf Dubai) held its tenth meeting of 2025, chaired by Issa Al Ghurair, Chairman of the Board, with Secretary-General Ali Al Mutawa and other board members in attendance.
The meeting focused on assessing key strategic initiatives and major projects carried out by Awqaf Dubai, including a review of the 2024 financial report, which detailed the performance of the Minors’ Trust funds.
Discussions also centered around the management of Awqaf Dubai’s overall investment portfolio, with an emphasis on enhancing sustainable returns while maintaining strong standards of transparency and accountability.
The Board examined financial statements for investments made by the Minors’ Trust through the end of 2024. The trust’s total assets amounted to AED1.022 billion, generating revenues of AED64 million and incurring expenses of AED14 million. This resulted in a net distributable surplus of AED50 million.
After comprehensive discussion, the Board approved a cash dividend of AED35.7 million for 2025, representing a 3.5% return on investment and marking a 16% increase over the previous year. Additionally, AED14.3 million was allocated to the reserve fund.
The Board also reviewed the progress of major investment projects, particularly the Al Khawaneej Mall development—considered a flagship initiative aimed at enhancing endowment income and supporting Dubai’s broader economic and social development goals. Board members praised the progress made and stressed the importance of meeting project timelines.
Issa Al Ghurair stated that Awqaf Dubai, under the guidance of the emirate’s leadership, remains committed to launching impactful endowment projects that meet community needs, foster social well-being, and promote sustainable development in line with Dubai’s Vision 2030. He emphasized the importance of advancing the foundation’s investment strategies to ensure the continued growth and sustainability of its resources.
Ali Al Mutawa reiterated Awqaf Dubai’s longstanding approach to expanding endowment assets and investment portfolios to benefit minors. This strategy aims to drive sustainable development and enhance the foundation’s positive impact on society.
“Our work is rooted in a clear vision and governed by the highest standards of accountability and transparency,” he noted. “We are dedicated to achieving lasting financial success that directly supports minors, in alignment with the goals of our visionary leadership.”
He added that the decisions approved during the meeting—including the distribution of profits and focus on return maximization—demonstrate Awqaf Dubai’s firm commitment to serving its beneficiaries. These measures, he said, reflect the foundation’s mission to protect minors’ rights and ensure the long-term sustainability of their financial support.
The meeting focused on assessing key strategic initiatives and major projects carried out by Awqaf Dubai, including a review of the 2024 financial report, which detailed the performance of the Minors’ Trust funds.
Discussions also centered around the management of Awqaf Dubai’s overall investment portfolio, with an emphasis on enhancing sustainable returns while maintaining strong standards of transparency and accountability.
The Board examined financial statements for investments made by the Minors’ Trust through the end of 2024. The trust’s total assets amounted to AED1.022 billion, generating revenues of AED64 million and incurring expenses of AED14 million. This resulted in a net distributable surplus of AED50 million.
After comprehensive discussion, the Board approved a cash dividend of AED35.7 million for 2025, representing a 3.5% return on investment and marking a 16% increase over the previous year. Additionally, AED14.3 million was allocated to the reserve fund.
The Board also reviewed the progress of major investment projects, particularly the Al Khawaneej Mall development—considered a flagship initiative aimed at enhancing endowment income and supporting Dubai’s broader economic and social development goals. Board members praised the progress made and stressed the importance of meeting project timelines.
Issa Al Ghurair stated that Awqaf Dubai, under the guidance of the emirate’s leadership, remains committed to launching impactful endowment projects that meet community needs, foster social well-being, and promote sustainable development in line with Dubai’s Vision 2030. He emphasized the importance of advancing the foundation’s investment strategies to ensure the continued growth and sustainability of its resources.
Ali Al Mutawa reiterated Awqaf Dubai’s longstanding approach to expanding endowment assets and investment portfolios to benefit minors. This strategy aims to drive sustainable development and enhance the foundation’s positive impact on society.
“Our work is rooted in a clear vision and governed by the highest standards of accountability and transparency,” he noted. “We are dedicated to achieving lasting financial success that directly supports minors, in alignment with the goals of our visionary leadership.”
He added that the decisions approved during the meeting—including the distribution of profits and focus on return maximization—demonstrate Awqaf Dubai’s firm commitment to serving its beneficiaries. These measures, he said, reflect the foundation’s mission to protect minors’ rights and ensure the long-term sustainability of their financial support.