Latest news with #SAR40
Trade Arabia
13-03-2025
- Business
- Trade Arabia
Roshn backs charity campaign Ehsan with $8m contribution
Roshn Group, the kingdom's leading multi-asset class real estate developer and a PIF company, continued its support for the National Campaign for Charitable Work 'Ehsan' with a contribution of SAR30 million ($8 million). This initiative underscores ROSHN Group's commitment to fostering social development across Saudi Arabia and aligns with its mission to enhance quality of life in accordance with Saudi Vision 2030, the company said. As part of the leadership's continuous efforts to bolster the charitable sector and amplify its impact on communities, the National Campaign for Charitable Work was launched this year through the 'Ehsan' platform under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, with a generous donation of SAR40 million, followed by a substantial contribution of SAR30 million from His Royal Highness the Crown Prince, Prime Minister, Prince Mohammed bin Salman bin Abdulaziz Al Saud. Since initiating its partnership with 'Ehsan' in 2023, ROSHN Group has consistently reinforced its strategic commitment to sustainable national development. This partnership has positively impacted more than 140,000 beneficiaries, forged collaborations with over 40 charitable organisations, and led to the implementation of over 60 impactful programs and initiatives. These efforts have spanned various domains, including education, healthcare, sports, home renovations, and the distribution of essential goods such as food and clothing to the most vulnerable groups. In addition, the Group has launched community volunteering campaigns that have set record numbers, engaging thousands of volunteers in acts of generosity and goodwill. 'We are honored to be part of the National Campaign for Charitable Work through 'Ehsan' platform for the third consecutive year. This commitment reflects ROSHN Group's active role in social responsibility and its unwavering dedication to fostering generosity and solidarity, making a tangible impact on the community, supporting the noble objectives of this campaign,' said Ghada Alrumayan, Chief Marketing and Communications Officer at ROSHN Group, expressing her pride in the Group's ongoing support. She added: 'ROSHN Group remains committed to launching sustainable programs to empower individuals and foster a prosperous society through innovative and effective initiatives that address the community's needs and maximize positive impact. This commitment aligns with our mission to help enhance the quality of life and realize the goals of Saudi Vision 2030.'
Asharq Al-Awsat
08-03-2025
- Politics
- Asharq Al-Awsat
Custodian of the Two Holy Mosques, Crown Prince Donate SAR70 Mln to National Charity Campaign
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, donated on Friday SAR70 million to Saudi Arabia's fifth National Campaign for Charitable Work through the Ehsan Platform. The campaign kicked off on Friday. King Salman contributed SAR40 million, while Crown Prince Mohammed donated SAR30 million. The donations reflect the continued commitment of the Saudi leadership to charitable and humanitarian efforts, especially during the holy month of Ramadan. They highlight their dedication to strengthening social solidarity and community cohesion. Chairman of Ehsan Platform's supervisory committee Majid Al-Kassabi expressed gratitude to the leadership for their significant contributions. Such generous support demonstrates the Kingdom's commitment to facilitating charitable acts with transparency and efficiency, he stressed. Donations to the campaign can be made via the Ehsan Platform's website, mobile app, the unified number, or designated bank accounts. The Ehsan Platform operates with support from the Saudi Data and AI Authority (SDAIA), ensuring compliance with Shariah guidelines under the supervision of a dedicated Shariah committee.
Zawya
14-02-2025
- Automotive
- Zawya
PIF sees $1.33bln investment in Saudi car supply chain
Saudi Arabia needs to invest nearly 5 billion Saudi riyals ($1.33 billion) in local supply chain projects to support its burgeoning car industry, a senior official at the state-owned Public Investment Fund (PIF) has said. The funds are essential to achieve the car industry strategy as the Gulf kingdom targets the production of at least 500,000 vehicles in 2035 while its car imports exceed 800,000, said Khalid Al-Jihrish, head of PIF's sector development. 'This means there is a car market with a value of more than SAR40 billion ($10.6 billion) annually in addition to the services sector which includes spare parts and maintenance,' he told the Saudi daily Aleqtisadia on Thursday. 'There is a need to invest nearly SAR5 billion in the car supply chain as part of a plan to nationalise this industry.' Jihrish said investment plans by PIF, one of the world's largest sovereign wealth funds, focus on three main strategies, including car manufacturing, supply chain and investment in the electric vehicle infrastructure. (Writing by Nadim Kawach; Editing by Anoop Menon) (
