Posted on Thursday, 26 February 2009
Industry Sector Government
Country Saudi Arabia
Client(s) Kingdom Holding Company
HRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of Alwaleed bin Talal Foundation (ABTF) donated $687,500 to the Cambodian Muslim Community Development (CMCD), Revolving Leadership Program.
The grant will allow CMCD to provide leadership and educational loans over a 5-year period covering tuition at Norton University, accommodation and financial support. Students are chosen based on academic excellence. The target was to sponsor 100 high school students in the first year, increasing to 400 in fourth year. In this first year, an overwhelming 136 students were accepted into the Revolving Leadership Program.
Cambodia’s Muslim community, the Chams, face poverty and isolation. They live outside the capital Phnom Penh in communities that lack access to basic infrastructure. The CMCD has built schools, small roads, and bridges throughout Cambodia and has sponsored educational projects in Phnom Penh.
This is the second time ABTF partners with the CMCD. In 2007, ABTF sponsored 31 students to attend Norton University. Norton University, the oldest private university of Cambodia, partners with international universities such as Bangkok University in Thailand. It offers degrees in English, Law, Hotel and Tourism, Computer Science, Business, Economic Science, and MBA.
HRH through ABTF has donated to many philanthropic projects globally including, $500,000 to the Turquoise Mountain, Afghanistan, $766,848 to Leadership University College (LUC), Bangladesh, a $1 million donation to The Right to Live Society (RLS). HRH recently announcement his readiness to donate over 100 housing units with a total of SR5 million to victims of the run down slum areas in Cairo, a $235,282 donation to Oxfam’s project to Increase Market Access for Women in Senegal, a donation of over $3 million to the Darfur region of Sudan and donated $356,500 to Deworm the World Initiative.
The initiative was presented by Young Global Leaders (YGL) Education Taskforce at the Davos World Economic Forum. Last year HRH made a $360,000 donation to SOS Children’s Village in Indonesia and made a substantial emergency donation to Indonesia's flood victims. In 2006, HRH made a donation for the Yemen landslide victims and in the same year donated $1 million through the United Nations World Food Program (UNWFP) to the drought-ravaged people of Kenya. His Highness had made a SR20 million donation to Pakistan’s earth quake victims in 2005.
Other major donations made by HRH included $19 million to South East Asia's Tsunami victims, $830,000 donation to the families of the Egyptian train fire victims, 80 tons of supplies to the Algerian quake victims, $500,000 to Jammeh Foundation for Peace in The Gambia to fund a diagnostic center, one million Egyptian Pounds (LE) in support of Mrs. Susanne Mubarak campaign for the treatment of children suffering from cancer, $5 million to assist in the rescue and rebuilding efforts in the wake of floods in Morocco, $5 million to support the Carter Center Peace and Health programs in Africa, and the rebuilding of Zayzoon village in Syria after it was wiped by floods caused by the collapse of a dam.
Industry Sector Government
Country Saudi Arabia
Client(s) Kingdom Holding Company
HRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of Alwaleed bin Talal Foundation (ABTF) donated $687,500 to the Cambodian Muslim Community Development (CMCD), Revolving Leadership Program.
The grant will allow CMCD to provide leadership and educational loans over a 5-year period covering tuition at Norton University, accommodation and financial support. Students are chosen based on academic excellence. The target was to sponsor 100 high school students in the first year, increasing to 400 in fourth year. In this first year, an overwhelming 136 students were accepted into the Revolving Leadership Program.
Cambodia’s Muslim community, the Chams, face poverty and isolation. They live outside the capital Phnom Penh in communities that lack access to basic infrastructure. The CMCD has built schools, small roads, and bridges throughout Cambodia and has sponsored educational projects in Phnom Penh.
This is the second time ABTF partners with the CMCD. In 2007, ABTF sponsored 31 students to attend Norton University. Norton University, the oldest private university of Cambodia, partners with international universities such as Bangkok University in Thailand. It offers degrees in English, Law, Hotel and Tourism, Computer Science, Business, Economic Science, and MBA.
HRH through ABTF has donated to many philanthropic projects globally including, $500,000 to the Turquoise Mountain, Afghanistan, $766,848 to Leadership University College (LUC), Bangladesh, a $1 million donation to The Right to Live Society (RLS). HRH recently announcement his readiness to donate over 100 housing units with a total of SR5 million to victims of the run down slum areas in Cairo, a $235,282 donation to Oxfam’s project to Increase Market Access for Women in Senegal, a donation of over $3 million to the Darfur region of Sudan and donated $356,500 to Deworm the World Initiative.
The initiative was presented by Young Global Leaders (YGL) Education Taskforce at the Davos World Economic Forum. Last year HRH made a $360,000 donation to SOS Children’s Village in Indonesia and made a substantial emergency donation to Indonesia's flood victims. In 2006, HRH made a donation for the Yemen landslide victims and in the same year donated $1 million through the United Nations World Food Program (UNWFP) to the drought-ravaged people of Kenya. His Highness had made a SR20 million donation to Pakistan’s earth quake victims in 2005.
Other major donations made by HRH included $19 million to South East Asia's Tsunami victims, $830,000 donation to the families of the Egyptian train fire victims, 80 tons of supplies to the Algerian quake victims, $500,000 to Jammeh Foundation for Peace in The Gambia to fund a diagnostic center, one million Egyptian Pounds (LE) in support of Mrs. Susanne Mubarak campaign for the treatment of children suffering from cancer, $5 million to assist in the rescue and rebuilding efforts in the wake of floods in Morocco, $5 million to support the Carter Center Peace and Health programs in Africa, and the rebuilding of Zayzoon village in Syria after it was wiped by floods caused by the collapse of a dam.
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