Prince of the Eastern Province sponsors the Endowments Forum 2024 next November
Organized by the Asharqia Chamber with the aim of clarifying its roles and the potential for its sustainability and success
The Prince of the Eastern Province, His Royal Highness Prince "Saud bin Nayef bin Abdulaziz Al Saud", sponsors the Endowments Forum 2024, organized by the Asharqia Chamber, represented by the Endowments Committee, under the slogan (Family Endowments: Their Roles and Potential for Sustainability and Success), on Sunday, November 24, 2024, with the participation of an elite group of businessmen, academics, and experts from specialists and those interested in the field of endowments.
The forum aims to encourage the endowment sector to be creative and present best practices in relevant topics to advance the endowment sector, and to introduce family endowments and encourage their establishment by mentioning the potential for their success and sustainability, and pointing to the most prominent successful family endowments locally and globally.
As well as highlighting the mechanisms driving the development and investment of family endowments, the importance of the family charter and its role in the success of the family endowment, in addition to clarifying the latest regulatory procedures in establishing endowments and the relationship of family companies with endowments.
For this part, Chairman of the Board of Directors of the Asharqia Chamber, Badr bin Suleiman Al-Rizaiza, appreciated His Highness's patronage of the forum and his unlimited support for all the events and activities of the economic chamber and others that have social dimensions, noting that all the chamber's events receive great attention from His Highness.
Al-Rizaiza said that the Kingdom is moving into a new era of a prosperous and diversified economy through Vision 2030, which emphasized the role of the private sector in participating in building the social investment market through endowments, noting that the forum comes at the right time, as the construction tools are working in all sectors, by presenting and introducing the best practices in launching family endowments, achieving their sustainability and increasing their contribution to the national economic system.
He stressed that the endowment is one of the most important fields in economic work and the most spacious and influential within society, which prompted the Asharqia Chamber to pay early attention to this vital sector, and urged businessmen and women to establish it, and work according to many activities to highlight the economic returns of endowments. He explained that the general forum, in addition to reviewing successful regional and international practices and experiences, adopts directing ideas towards the roles and capabilities that achieve the sustainability and development of endowments.
