HRH Prince Faisal Ibn Bandar Sponsors Official Launch of Alinma Enayah Endowment Fund

HRH Prince Faisal Ibn Bandar Sponsors Official Launch of Alinma Enayah Endowment Fund

17 Ramadan 1440 H - 22 May 2019 G

His Royal Highness Prince Faisal Ibn Bandar Ibn Abdulaziz, Governor of Riyadh Region, inaugurated the Alinma Enayah Endowment Fund at Enayah Charitable society for pationts (Enayah) held at the Charity headquarter in Riyadh.

On this occasion, HE AbdulMohsen Al-Fares, CEO of Al-Anma Bank, expressed his pleasure in honoring His Highness the Prince of the Riyadh Region for the launch ceremony and launching Alinma Enayah Endowment Fund. He added: "We enjoy the royal encouragement of all initiatives to develop and promote initiatives which aims to develop investment tools and enhance the role of civil society organizations to achieve their noble goals in serving the community. The patronage of His Highness the Prince of Riyadh region is one of the continus support for the pilot projects which serve the community in the Kingdom. Mr Al-Fares also extended his thanks to the Chairman and members of the board of directors of "ENAYAH" and its staff of volunteers doctors for the outstanding efforts of the Association in the treatment of patients and the needy.

On this occasion, Mr. Mazen Fawaz Baghdadi, Acting CEO of Alinma Investment Company, said that the fund's objective is to enhance the developmental role of the private endowments by participating in the development of the suspended assets of the Fund and investing them to achieve the principle of social solidarity. The Fund has the right to invest in the Fund's assets, including cash, real estate, securities and others, in order to achieve growth in the suspended capital. Medical and health services through health charity patient care (care).

It is worth mentioning that Alinma Enayah Endowment Fund is a closed-end investment fund with a public offering. Its units are endowment for the benefit of “Enayah”. The fund aims to enhance the developmental role of the private endowments by participating in supporting health care through the development of the assets suspended for the Fund, Achieves the principle of social solidarity and benefits the banks of the endowment and the suspended asset.

Alinma Investment Company is the investment arm of Alinma Bank, a company licensed by the Capital Market Authority (CMA) No. 37-09134 to carry out all securities transactions, including dealing in real estate and agent, undertaking to cover, management, arranging, advising and custody of securities. Alinma Investment Company has launched a wide range of investment products and services.

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