Alinma Wareef Endowment Fund

Supporting the Alinma Wareef Endowment Fund to grow the fund's assets and so increase its annual returns (the fund's yield).

Target group:

Patients of King Faisal Specialist Hospital & Research Centre.

Project objective:

Achieving financial sustainability for the King Faisal Specialist Hospital Charity Foundation.

Project rationale:

• Wareef Charity needs to achieve greater financial sustainability.
• Wareef Charity relies on the fund's returns to deliver many of its projects.

Project outputs:

  • Meeting the treatment needs of patients in need quickly from the fund's returns.

  • The fund's returns help improve the patient's treatment journey.

  • Easing the financial burden on patients, especially those on limited incomes.

  • Supporting the Quality of Life Programme by improving patients' lives, which contributes to Saudi Vision 2030.

  • The fund's returns support many projects and awareness initiatives aimed at delivering healthcare to the patient and easing their treatment journey.

  • 70% of the fund's returns go to the King Faisal Specialist Hospital Charity Foundation to support its various charitable projects.

  • 30% of the fund's returns go back into growing the endowment fund's capital.

Financial data:

Fund assets: SAR 88.8 million.