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Abu Dhabi - Gulf Capital, one of the leading and most active alternative asset managers in the Middle East, has renewed and reaffirmed its partnership with Emirates Foundation to support a number of programmes focusing on the development of UAE youth through education, entrepreneurship and knowledge transfer.
The partnership was signed by Emirates Foundation's CEO Clare Woodcraft and Gulf Capital's CEO Dr Karim El Solh, in the presence of senior officials from the two organisations.
Emirates Foundation is an independent philanthropic organisation, established by the Government of Abu Dhabi, to facilitate public-private funded initiatives to improve the welfare of people across the UAE. To achieve this, the Foundation is running six programmes (Kayani, Kafa'at, Sanid, Esref Sah, Think Science and Takatof) in three key focus areas: social inclusion; community engagement; and leadership and empowerment. Over the past eight years Emirates Foundation has built a vibrant and diversified portfolio. Through its programmes, it has empowered thousands of young people to make positive contributions to their communities.
Dr. Karim El Solh said: "Gulf Capital continues its collaboration with Emirates Foundation on meaningful initiatives, with a clear focus on the young generation of the region, using the three pillars of training, education and entrepreneurship. The work of the Foundation goes a long way towards achieving these goals and Gulf Capital is proud to be associated with such a worthy cause."
Clare Woodcraft added: "Emirates Foundation works in partnership with the private and public sectors using venture philanthropy and engagement programmes to positively and permanently impact the lives of youth. We believe in the inherent ability of youth to be the catalyst for positive change and the realisation of our nation's ambition. Partnering with Gulf Capital has helped us to inspire, empower and guide the youth of the UAE to ensure a sustainable future for the nation."
Mohanna Al Muhairi Chief Operation Officer at Emirates Foundation, said: "It is through such partnerships that Emirates Foundation is able to accomplish its vision and reach its objective. We are proud to have Gulf Capital as a committed partner year on year, which fully and truly believes in the key role the foundation plays in the lives of youth across the country."
Gulf Capital has been recognised for its continuous support at the Foundation's Event in the presence of Emirates Foundation Managing Director, H.E. Sheikh Sultan bin Tahnoon Al Nahyan, an elite group of regional and international philanthropic representatives and executives from the private and public sectors and under the patronage of HH Sheikh Abdullah Bin Zayed al Nahyan, Minister of Foreign Affairs and Chairman of Emirates Foundation.
Gulf Capital works with government authorities or non-governmental organisations such as the Emirates Foundation to enhance the Firm's ability to make a positive contribution and impact in the society. Gulf Capital deems corporate governance and business sustainability as essential to its long term goal of being the leader in alternative asset management in the region.
About Gulf Capital
Gulf Capital is a leading alternative asset manager focused on the Gulf region, investing across several asset classes including Private Equity, Credit and Mezzanine and Real Estate. The Company currently manages over $3.3 billion of assets across 7 funds and investment vehicles. Gulf Capital's mission is to grow capital and build value with world-class expertise and best practices to generate sustainable superior performance for all stakeholders. Gulf Capital invests its own capital alongside its fund investors' capital in all of the funds it launches. In Private Equity, Gulf Capital is focused on acquiring strategic stakes in highly profitable and rapidly growing companies within a select number of fast-growing industries in the GCC region and through deep operational and financial improvements, on accelerating and enhancing their profitability and size. Gulf Capital was awarded the "Best Private Equity Firm in the Middle East" Award by Banker Middle East Magazine in 2011, 2012, 2013 and 2014. The Firm is actively involved in real estate development through Gulf Related, its joint venture with the Related Companies, a leading private real estate developer in the United States. Gulf Related is focused on pursuing marquee large-scale mixed-use and residential real estate development opportunities in the UAE and Saudi Arabia. Gulf Capital also launched a Credit and Mezzanine Business, Gulf Credit Partners, to meet the financing needs of fast-growing companies and to provide acquisition finance across the Middle East. With its private equity, real estate and credit initiatives, Gulf Capital is today one of the largest and most diversified alternative investment managers in the Middle East. For more information about Gulf Capital PJSC, please visit Gulf Capital's website at www.gulfcapital.com.
About Emirates Foundation for Youth Development
Emirates Foundation (EF) was launched in April 2005 as an initiative of His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.
In 2012, the Foundation was re-launched under the name "Emirates Foundation for Youth Development" as an integrated national initiative that seeks to invest in UAE youth. EF's strategy uses the model of venture philanthropy to develop nationwide programmes that aim to impact the lives of UAE youth positively and permanently in a manner that is measurable and sustainable. The Foundation works in three key areas: social inclusion - looking at some of the challenges facing young people; community engagement - encouraging youth to participate in a voluntary capacity in civil society; and leadership and empowerment - helping to build young people's 'soft skills and prepare them for the work place.
Issued by Borouj Consulting on behalf of Gulf Capital. For more information, please contact: Randa Mazzawi randa@boroujconsulting.com or Mayssa Makhlouf mayssa@boroujconsulting.com at Tel: +9714 3403005, Follow us on Twitter @Borouj.
© Press Release 2015
