Gulf Capital funds the full education of 100 underprivileged children
Supports “Inaash” education program in Lebanon as part of its broader regional CSR program
Keeping in line with the charitable spirit of the Holy Month of Ramadan, and offering its continued support to the community it operates in, Gulf Capital, a leading alternative investment firm in the Arab region, today announced that it will sponsor the full education of 100 underprivileged Lebanese and Palestinian children at the kindergartens of the Association for the Development of Palestinian Camps “Inaash”, a Lebanese cultural and social non-profit and non-governmental association which was launched in the late 1960s.
The sponsorship of the education of these children, who are between the ages of 3 -5 for the academic year 2012/2013, is part of the Firm’s Corporate Social Responsibility (CSR) program which aims to make a difference in the lives of people in the Arab region through initiatives in healthcare, water, food, and education, with the latter in particular, being one of the key components of the Firm’s CSR drive in the Arab world.
Mrs. Leila Kawar Ghareeb, President of “Inaash”, said: “We deeply appreciate the support we have received from private organisations like Gulf Capital, who are actively supporting humanitarian causes in the region, and are keen to provide a better future to our next generations. We hope to continue educating these young minds for many years to come, in order to help them stand on their feet and lead a happy and prosperous life.”
At present, the Association for the Development of Palestinian Camps “Inaash” supports the education of 250 children from underprivileged section of the society who cannot afford the expenses of obtaining education in Lebanon.
Dr Karim El Solh, CEO of Gulf Capital said: “Gulf Capital is delighted to be supporting Inaash through funding the education of these children. The work of ‘Inaash’ is worthy and valuable and will certainly go a long way in helping many Lebanese and Palestinian underprivileged children to build a bright and prosperous future for them.” Commenting on the Firm’s various social initiatives in the Middle East, he further added: “We value the communities in which we operate in, and the Firm is committed to being a good corporate citizen. This is precisely why we continue to sponsor critical community efforts like the ‘Inaash’ education program.”
Gulf Capital’s support is in-line with the Firm’s ongoing commitment to invest in significant initiatives that contribute to the social welfare of its communities. Very recently, the Firm and its employees co-sponsored the Operation Smile UAE mission in Jordan. The mission provided 120 free, corrective surgeries to children born with cleft lips, cleft palates, and other facial deformities in the country. This year, the Firm has been working alongside government organisations and non-profit, Non-Government Organisations (NGOs), such as the Abu-Dhabi based Emirates Foundation for Philanthropy, Abu Dhabi Music and Arts Foundation (ADMAF), and the Red Crescent Society, to support their various community projects.
About Gulf Capital
Gulf Capital is a leading alternative investment company focused primarily on investing capital in the GCC region. Incorporated in Abu Dhabi in 2006 as a Private Joint Stock Company, Gulf Capital was established with a capital base of AED 1.225 billion (USD 330 million) from 300 of the most prestigious institutional and individual investors in the Gulf. The Firm is currently investing its $533 million GC Equity Fund II, raised from regional and global investors. It is focused on acquiring sizeable and controlling stakes in highly profitable and rapidly growing companies within a select number of fast-growing industries in the GCC region. Gulf Capital was awarded the “Best Private Equity in the Middle East” Award by Banker Magazine in 2011. Gulf Capital expanded its alternative asset management platform by entering into the real estate development arena in a joint-venture with the Related Companies, the most prominent US real estate developer, to form Gulf Related. The Firm also recently announced the launch of a Credit and Mezzanine Business to meet the financing needs of fast growing companies across the region. With its private equity, real estate and credit initiatives, Gulf Capital is today one of the largest alternative asset managers in the Middle East. For more information about Gulf Capital, please visit www.gulfcapital.com.