Abu Dhabi (UrduPoint / Pakistan Point News / WAM – 06 March 2026) Endowments and Minors’ Funds Authority – Endowments Abu Dhabi Signed a memorandum of understanding with Lulu International Group to develop a group of commercial projects worth 100 dirhams million On endowments Abu Dhabi Endowment lands, with proceeds supporting long-term care and improving the quality of life for orphans in United Arab Emirates.
the deal It was formalized by Ashraf Ali MA, CEO of Lulu International Group and Fahad Abdul Qadir Al Qasim, Director General of Awqaf. Abu Dhabi In the presence of Yusuf Ali M.A., Chairman of the Board of Directors of Lulu International Group, and Abdul Hamid Muhammad Saeed, Chairman of the Endowments Board of Directors Abu Dhabi friendship. Mugheer Khamis Al Khaili, Secretary General of the Zayed Land Charitable Foundation.
The memorandum was signed as part of the “Umm Al Watan Endowment for Orphans” initiative, which was launched under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State. Abu Dhabi To allocate the endowed lands for development while LuLu Group International leads the project delivery and operations.
The resulting returns from These developments will be directed to support the initiative’s long-term goals and help preserve and expand endowments Abu DhabiWider social and charitable programmes.
Fahd Abdul Qadir Al Qasim, Director General of the Endowments, said: “By combining endowment assets with professional investment and operational expertise, we can transform endowment lands into reliable, long-term financing for social initiatives.” Abu Dhabi. “This partnership embodies a modern, governance-led endowment model that preserves assets, provides consistent returns and increases social value across generations.”
Yusuf Ali MA, Chairman of Lulu Group International, added: “The private sector has an important role to play in supporting national priorities through responsible, impact-oriented investment. We are committed to the highest standards of quality and efficiency through these projects, with a focus on achieving sustainable returns that create a lasting impact for society.”
the deal Endowments confirms Abu DhabiContinued shift towards an institutional, results-based approach to endowment development, prioritizing asset preservation, transparent investment practices, and measurable financial and social impact.
Projects developed under the MoU will be measured against clear performance and impact metrics to ensure they meet fiduciary and community needs.