Mar.31, 2023

Al Fozan Social Foundation contributes 100 million SAR to Jood

Alfozan - Jood

Al Fozan Social Foundation has contributed 100 million Saudi riyals to Jood Eskan IPO. For its part, His Excellency, Majid bin Abdullah Al-Hogail the Minister of Housing and Municipal and Rural Affairs has thanked the program and its sponsors, emphasizing that this generous donation will prompt the non-profit sector to continue its efforts in achieving social development in Saudi.

The Chairman of the Board of Trustees of the foundation, Abdullah bin Abdullatif Al-Fozan, said: "The Kingdom continues all its efforts for sustainable development under its wise leadership and its generous people. We must all participate in all initiatives whose impact lasts, and its pay extends beyond its days. Thank you for introducing this campaign, which reflected an excellent picture of the integration and cooperation of the people of this precious nation."

The campaign is the world's first charity IPO and the largest in the charitable housing sector in terms of size and number of beneficiaries, as well as the impact of owning housing for families and their children. Jood Eskan platform is an initiative of the National Developmental Housing Foundation – Sakan, aimed at engaging community members and institutions in community development programs according to a governance mechanism that ensures charitable efforts are delivered and aid is provided to deserving families that are rightfully in need.

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