Global updates
Abraaj Capital sets up 22-year-long fund for Palestinian orphans
1 September 2009
Alliance magazine
Dubai-based private equity group Abraaj Capital is donating US$10 million to a trust fund to help educate more than 1,200 Palestinian children and youth who lost parents during violence in Gaza in December and January. The fund, launched in May at a ceremony hosted by the King and Queen of Jordan, will be managed by the Palestinian-based Welfare Association. Strikingly, it will have a lifespan of 22 years, allowing it to support young children right through to adulthood.
