Listed firms held 59,000 shares in Qatar
The General Directorate of Endowments in Qatar announced the registration of a new investment endowment comprising 58,988 shares in companies listed on the Qatar Stock Exchange. This endowment was established by a benefactor in support of the Endowment Fund for Virtue and Piety, within the endowment bank. This marks the first recorded investment endowment of its kind, reflecting an expanding awareness of the importance of endowments and the diversification of assets to ensure charitable sustainability. The proceeds from the shares are directed to be used in charitable fields in accordance with the conditions set by the benefactors. The endowment aims to enhance endowment sustainability by directing returns to create new assets, thereby ensuring ongoing benefits and expanding the base of endowment assets across generations.
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