Awqaf Dubai Board Approves AED 35.7 Million In Direct Benefits For 2025

The Endowment and Minors’ Trust Foundation in Dubai, known as Awqaf Dubai, recently held its tenth board meeting of 2025. Chaired by Issa Al Ghurair, the meeting included Ali Al Mutawa, Secretary-General of Awqaf Dubai, and other board members. They evaluated strategic initiatives and key projects, alongside reviewing the 2024 financial report detailing the performance of funds managed by the Minors’ Trust.

The board examined Awqaf Dubai's management of its general portfolio, focusing on optimising sustainable returns while maintaining transparency and accountability. Financial statements showed that by the end of 2024, investments aggregated AED1.022 billion. These investments generated AED64 million in revenues against AED14 million in expenses, resulting in a net surplus of AED50 million available for distribution.

Following discussions, the board approved a cash dividend of AED35.7 million for 2025. This represents a 3.5 percent return on investment and marks a 16 percent increase over the previous year's allocation. Additionally, AED14.3 million was allocated to the reserve fund to ensure future stability.

The progress on significant investment initiatives was also assessed during the meeting. The Al Khawaneej Mall development project was highlighted as a flagship endeavour aimed at boosting endowment returns while supporting Dubai’s economic and social goals. The board praised the advancements made in this project and stressed adhering to scheduled timelines for its phases.

Issa Al Ghurair emphasised that guided by visionary leadership, Awqaf Dubai continues to develop endowment projects addressing community needs. These projects aim to foster social cohesion and promote sustainable growth, aligning with Dubai’s Vision 2030.

Commitment to Governance and Transparency

Ali Al Mutawa reiterated Awqaf Dubai’s dedication to expanding endowment assets and fund portfolios for minors' benefit. This strategy aims to promote sustainable development and enhance societal impact positively. "Our operations are guided by a clear vision anchored in the highest standards of governance and transparency," he stated.

He further added: "The decisions ratified during the meeting, particularly the authorisation for profit-sharing and maximising of returns, underscore Awqaf Dubai’s commitment to its beneficiaries. These actions reflect our dedication to effectively managing and growing funds intended to support minors, thus safeguarding their rights while ensuring the long-term sustainability of resources."

The meeting underscored Awqaf Dubai's commitment to aligning with strategic goals while ensuring resource sustainability. By enhancing investment mechanisms, they aim to strengthen their capacity to support those they serve effectively.

With inputs from WAM