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The Awqaf Foundation and Minors' Affairs released its financial statements for the year ended December 31, 2017, which recorded an 11% increase in the profits from the investments it manages to fund its charitable and humanitarian projects. Financial results indicate that the total value of the institution's assets increased in 2017 to reach AED 2.8 billion, an increase of 7% over 2009. The Waqf assets represent the highest share, surpassing 1.4 billion AED and miners' assets 28% last year.
With respect to the Company's revenues, the year 2017 recorded a total increase of 2%. The endowment had the largest share of revenues at AED 121 million, an increase of 9% over last year, while the miners' incomes (AED 33 million) were AED 140 million, a 11% increase.
Ali Al Mutawa, Secretary-General of the Awqaf and Minors Foundation in Dubai, said, "The Foundation continues to succeed at the operational and financial level, which is confirmed by our detailed report of the results of fiscal year 2010 in as part of our commitment to standards of transparency and global governance. "
Third of the Year The Foundation's headquarters were headed by Abdulrahman Al-Harib, Abdullah Al Madani, Huda Buhamaid, Hamda Al-Qatami , Abdulaziz Al-Hammadi, Ali Mohammed Al Mutawa, General Secretary of the Foundation, and Khalid Al-Thani, Deputy Secretary General.
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