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AL FAHIM SETS UP DH360M CHARITY FUND
Al Fahim, a UAE based family business group, has set up a Dh360 million charity fund. "The Abdul Jalil Al Fahim & Sons Endowment will be a permanent charitable fund to be dedicated to a broad array of relief and charitable causes.
The shareholders unanimously agreed to setup this fund,” said Saeed Abdul Jalil Al Fahim, chairman of Al Fahim Group, at a dinner to mark the launch of the fund.
He said since the group’s inception, donating to charitable causes has been a priority. "As we grow, our support to the community broadens. Al Fahim has been providing scholarship funds to inspire UAE high school graduates to pursue post-secondary studies. Earlier this year, the group contributed Dh7 million in support of Al Ain Football Club,” he added.
Of the group's business, Al Fahim said, "We have a strong hold on luxury car sales in the UAE market. We provide specialised services to Abu Dhabi’s oil and gas industry. We are the largest private sector owner of hotel rooms in the emirate. With an inventory of more than 1,000 rooms and a presence in the travel sector, we are a primary player in Abu Dhabi’s expanding tourism sector. In short, we are a group with considerable substance.”
He said that amidst all their national and global successes, the group continued to play a considerable role that demonstrated its social responsibility.
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