Saudi Press

Saudi Arabia and the world
Saturday, Aug 02, 2025

Madinah Emir launches Al-Shifa Health Endowment Fund

Madinah Emir launches Al-Shifa Health Endowment Fund

Emir of Madinah Prince Faisal bin Salman, who is also chairman of Al-Shifa Endowment Supervisory Council, launched the Al-Shifa Health Endowment Fund.
The endowment fund, which targets raising assets worth SR200 million by the year 2025, will spend the returns of its investments to meet the endowment costs.

The endowment fund is meant to cover health services for some expatriates who are not come under free healthcare services and health insurance that make them eligible for treatment in hospitals.

During the ceremony, Prince Faisal presented the health coverage card to the first female beneficiary of the Al-Shifa Health Endowment Services. This service is regarded as one of the modern models in the field of charitable work, as the insurance card covers the costs of basic health needs for those who are not covered under free healthcare services in hospitals.

During the ceremony, a documentary, briefing on the activities of Al- Shifa Endowment, was screened. The Al-Shifa Endowment comes as part of the initiatives that support the Saudi government’s move to provide humanitarian care to beneficiaries inside and outside the hospitals in the Madinah region.

The emir also witnessed the Al-Shifa Health Endowment’s signing of nine agreements with the Health Endowment Fund, the Home Medicine Association, My Blood Association, Kibadak, Hayat Association, Riaya Association, Bushra Association, Tahur Association, and Quloub Med Company.

The fund is one of the initiatives launched by the Al-Shifa Endowment to provide an opportunity for individuals and private sector firms to contribute to alleviating the suffering of the targeted patients.

It also aims to stimulate community participation and activating the social responsibility of private sector companies in supporting non-profit investment development programs and actively participate in social solidarity programs to participate in supporting needy patients. This is in a way that enhances the promotion and investment of endowment assets, and achieves financial sustainability for its products.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
×