Othaim Charity: Establishment of an Endowment Investment Portfolio Worth 100 Million Riyals in the Name of the Late Abdulmohsen Othaim

31-08-23

Abdullah Saleh Al Othaim and Sons Charity Foundation approved the establishment of an endowment investment portfolio worth 100 million riyals, in the name of the late son Abdulmohsen bin Abdullah Al Othaim, may God have mercy on him, and its proceeds will be allocated to charitable and humanitarian works.

Businessman Abdullah bin Saleh Al Othaim, Chairman of the Board of Trustees of the Foundation, explained that the establishment of this investment endowment portfolio comes as a seeking of reward and blessing from Allah, and as a continuous charity that will not cease in its reward by the permission of Allah for our late son Abdulmohsen, may Allah have mercy on him and be pleased with him.

"The establishment of the endowment investment portfolio aims to achieve continuous and long-term returns, to contribute to charitable and humanitarian projects, initiatives, and works in order to maximize reward and blessing."

And Al Othaim concluded his speech with a prayer, asking the Almighty, may He be glorified and exalted, to envelop the son Abdulmohsen with His vast mercy, to grant him a place in His spacious paradise, and to grant us all patience and solace.