Latest news with #GeneralAuthorityforAwqaf
Saba Yemen
28-06-2025
- Business
- Saba Yemen
Dhamar… Expanded meeting at Awqaf Office discusses performance & development for next phase
Dhamar –Saba: An expanded meeting at the General Authority for Awqaf office in Dhamar province on Saturdsy discussed the performance level over the past year and proposed developments for endowment work in the next phase. The meeting, held on the occasion of the new Hijri year under the slogan "Together Towards Performance Development and Advancing Endowment Work," reviewed the office's activities, the facilities and procedures it provides for beneficiaries, efforts to promote endowment work, achievement levels, challenges, and ways to address them. During the meeting, Faisal Al-Hatfi, Director of the General Authority for Awqaf Office in the province, highlighted the office's role in protecting endowment properties and developing resources to benefit society and the state. He urged teamwork to enhance performance across various departments, ensuring the success of the office's plans and overcoming obstacles facing endowment work. Whatsapp Telegram Email Print
Zawya
07-03-2025
- Business
- Zawya
Non-profit sector contributes over $26.66bln to Saudi economy for first time
RIYADH — The Saudi non-profit sector has exceeded, for the first time in its history, the ceiling of SR100 billion in economic contribution, equivalent to 3.3 percent of the gross domestic product (GDP). This was revealed in a Non-Profit Sector Outlook report titled "Prospects for the Non-Profit Sector 2025," prepared by the King Khalid Foundation. The report highlighted key contributions within the sector: Endowments accounted for SR 48 billion, according to the General Authority for Awqaf, while non-profit organizations contributed SR 47 billion in spending, based on data from the General Authority for Statistics (GASTAT). Additionally, volunteering added an estimated SR 5 billion in economic value, while cooperative societies contributed SR 2 billion, according to the Ministry of Human Resources and Social Development. The sector's rapid growth is on track to achieve the Vision 2030 target of reaching 5 percent of GDP two years ahead of schedule. Education and research organizations led the sector in revenue generation, surpassing SR19 billion, while health organizations recorded the highest spending at SR15 billion, driven by the conversion of government assets in health and education into non-profit entities. Meanwhile, organizations focused on culture, entertainment, and social services reported the highest employment rates. The report also examined funding sources, emphasizing the role of government support and digital donation platforms, which collectively raised over SR15 billion in 2024. The National Platform for Charitable Work (Ehsan) saw a significant contribution from small donors (SR1, SR10, and SR100), while major philanthropists (donations of SR100,000 or more) accounted for 26 percent of total contributions. At the community level, the report monitored citizens' positive engagement in non-profit work through volunteering and donation, as 23% of citizens volunteered, while 47 percent of citizens donated during 2024. This indicates the community's interest in practicing social responsibility as a way of life. This was reflected in their confidence rates in the non-profit sector, which reached 86 percent of Saudis at present compared to 73 percent in 2017. It is worth noting that the Non-Profit Sector Outlook Report is the first reference report in the Kingdom on the status of the Saudi non-profit sector and its economic and developmental contributions. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
06-03-2025
- Business
- Saudi Gazette
Non-profit sector contributes over SR100 billion to Saudi economy for first time
Saudi Gazette report RIYADH — The Saudi non-profit sector has exceeded, for the first time in its history, the ceiling of SR100 billion in economic contribution, equivalent to 3.3 percent of the gross domestic product (GDP). This was revealed in a Non-Profit Sector Outlook report titled "Prospects for the Non-Profit Sector 2025," prepared by the King Khalid Foundation. The report highlighted key contributions within the sector: Endowments accounted for SR 48 billion, according to the General Authority for Awqaf, while non-profit organizations contributed SR 47 billion in spending, based on data from the General Authority for Statistics (GASTAT). Additionally, volunteering added an estimated SR 5 billion in economic value, while cooperative societies contributed SR 2 billion, according to the Ministry of Human Resources and Social Development. The sector's rapid growth is on track to achieve the Vision 2030 target of reaching 5 percent of GDP two years ahead of schedule. Education and research organizations led the sector in revenue generation, surpassing SR19 billion, while health organizations recorded the highest spending at SR15 billion, driven by the conversion of government assets in health and education into non-profit entities. Meanwhile, organizations focused on culture, entertainment, and social services reported the highest employment rates. The report also examined funding sources, emphasizing the role of government support and digital donation platforms, which collectively raised over SR15 billion in 2024. The National Platform for Charitable Work (Ehsan) saw a significant contribution from small donors (SR1, SR10, and SR100), while major philanthropists (donations of SR100,000 or more) accounted for 26 percent of total contributions. At the community level, the report monitored citizens' positive engagement in non-profit work through volunteering and donation, as 23% of citizens volunteered, while 47 percent of citizens donated during 2024. This indicates the community's interest in practicing social responsibility as a way of life. This was reflected in their confidence rates in the non-profit sector, which reached 86 percent of Saudis at present compared to 73 percent in 2017. It is worth noting that the Non-Profit Sector Outlook Report is the first reference report in the Kingdom on the status of the Saudi non-profit sector and its economic and developmental contributions.
Arabian Business
05-03-2025
- Business
- Arabian Business
Saudi Arabia's non-profit sector passes SR100bn for first time
For the first time in its history, Saudi Arabia's non-profit sector has exceeded SR100bn ($26.7bn) in economic contribution, accounting for 3.3 per cent of the Kingdom's gross domestic product (GDP), according to the Prospects for the Non-Profit Sector 2025 report by the King Khalid Foundation. The report highlighted key contributions within the sector, with Awqaf accounting for SR48bn ($12.8bn), according to the General Authority for Awqaf. Non-profit organisations contributed SR47bn ($12.5bn) in spending, based on data from the General Authority for Statistics (GASTAT). Saudi non-profit sector Additionally, volunteering added an estimated SR5bn ($1.3bn) in economic value, while cooperative societies contributed SR2bn ($533m), according to the Ministry of Human Resources and Social Development. The sector's rapid growth is on track to achieve the Vision 2030 target of reaching 5 per cent of GDP two years ahead of schedule. Education and research organisations led the sector in revenue generation, surpassing SR19bn ($5.1bn), while health organisations recorded the highest spending at SR15bn ($4bn), driven by the conversion of government assets in health and education into non-profit entities. Meanwhile, organisations focused on culture, entertainment, and social services reported the highest employment rates. The report also examined funding sources, emphasising the role of government support and digital donation platforms, which collectively raised over SR15bn ($4bn) in 2024. The National Platform for Charitable Work (Ehsan) saw a significant contribution from small donors (SR 1, SR 10, and SR 100), while major philanthropists (donations of SR 100,000 or more) accounted for 26 per cent of total contributions.
