The Financial Sustainability Fund (one of the initiatives of the Sulaiman bin Abdulaziz Al Rajhi Charitable Foundation) signed a strategic support agreement with the Social Development Committee in Al-Rayyan and Al-Nahda neighborhoods in Buraidah, to purchase a charitable investment endowment in the city of Buraidah, the proceeds of which will go to the committee, in the amount of (2,400,000) two million and four hundred thousand riyals. The amount will be repaid over five years without interest, starting in 2015. The Financial Sustainability Fund - established by the Sulaiman bin Abdulaziz Al Rajhi Charitable Foundation - is a fund dedicated to lending to charitable societies to establish investments and endowments whose proceeds return to the community and achieve financial sustainability for these associations. It aims to increase the efficiency and effectiveness of the financial resources of the organization or charitable entity, by transforming beneficiary clients from drainers of resources. Finance refers to a source of funding for the organization or entity.
The branch of the Sulaiman Al Rajhi Charitable Foundation in the Eastern Province concluded the program for developing leaders of influential social change institutions, which was implemented by the Al-Nubalaa Comprehensive Training Center on Tuesday evening, 05/17/2016 AD, at the Crowne Plaza Al-Khobar Hotel.
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On Thursday, 12/29/2016 AD, the Director of the Cooperative Office for Call, Guidance, and Community Awareness at the Al-Hakimiya Center in Madaya, Mr.
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Rakeen Consulting and Capacity Building Company, in partnership with the branch of the Sulaiman bin Abdulaziz Al Rajhi Charitable Foundation in the Northern Border Region, held a workshop entitled “Assessing the Institutional Capabilities of Non-Profit Organizations in the Northern Border Region,” yesterday, Monday, 2/6/2017, at the headquarters of the Cooperative Office for Call and Guidance. Educating communities about Arar.
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