His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has unveiled a board of trustees for '1 Billion Meals Endowment' project.
The move is aimed at managing and investing assets of the largest food aid endowment project, as well as to achieving highest recurring returns and creating a sustainable source of giving.
It will also prepare a comprehensive governance framework that ensures sustainability of the endowment.
"Creating a Board of Trustees for the ‘1 Billion Meals Endowment’ is a key step towards realising the endowment’s strategic goals, thereby reaching the largest possible segment of underprivileged individuals and providing a food safety net for tens of millions of people around the world," said Sheikh Mohammed.
"The Board of Trustees will be tasked with growing and investing the endowed capital, creating plans to ensure a return on investment and informed spending towards sustainable food aid sites. The aim is to sustain the impact of this initiative for years to come, and to create a better future through ongoing initiatives."
Mohammad bin Abdullah Al Gergawi, Secretary-General of Mohammed bin Rashid Al Maktoum Global Initiatives, will be the chairman of the Board of Trustees.
The other eight members are Hesham Abdullah Al Qassim, Vice Chairman and Managing Director of Emirates NBD and Chairman of Emirates Islamic Bank; Dr. Ahmad bin Abdulaziz Al Haddad, Grand Mufti and Director of the Ifta Department of the Islamic Affairs and Charitable Activities Department in Dubai; Fadel Al Ali, Chairman of Dubai Financial Services Authority; Saeed AlEter Al Dhanhani, Assistant Secretary-General of Mohammed bin Rashid Al Maktoum Global Initiatives; Ali Al Mutawa, Secretary-General of Dubai's Endowments and Minors' Trust Foundation; Dr. Mohammed Suhail Al Muhairi, CEO and Managing Director of Dar Al Ber Society; Ali Al Obaidli, Division Director, Engineering Office, Private Office of His Highness Sheikh Mohammed bin Rashid Al Maktoum; and Dr. Abdulrahman Al Sharif, Managing Director at Al Sharif Advocates and Legal Consultants.
Organised by Mohammed bin Rashid Al Maktoum Global Initiatives, “1 Billion Meals Endowment Campaign” is a sustainable approach that enhances the UAE’s humanitarian aid extended to underprivileged populations struggling with hunger and malnutrition.