Capital Market Authority Approves the Offering of University Endowment Fund to Contribution
The Capital Market Authority granted approval to Alinma Investment Company for a public offering of units for King Khalid University Endowment Fund, with the aim of encouraging contributions from all segments of society. Prof.Omar Al Mushait, Secretary General of the University Endowments, attributed this achievement to the dedicated efforts of His Royal Highness, Governor of Aseer Region Chairman of Aseer Development Authority, who also serves as the Honorary President of the University Endowments. Additionally, he acknowledged the vigilant follow-up of His Excellency the President of the University, Professor Dr. Faleh bin Raja Allah.
Al Mushait, emphasized that the decision to publicly offer units of the "King Khalid University Endowment Fund" align with the university's strategic directions, particularly King Khalid University 2030 strategy. This strategy is in line with Aseer region's development plan, rooted in Saudi Vision 2030, with a central goal of "developing and sustaining revenues," consistent with the new university system.
He extended his congratulations to all university employees, considering this achievement as a significant milestone in the history of the university's endowments. This marks the commencement of sustainable quality investments, enabling the university to realize its strategic objectives within the framework of Saudi Vision 2030 and the growth of the non-profit sector.
