Chaired by Prince Alwaleed

ABTF Donates over $500,000 to Leadership University College, Bangladesh

Riyadh, Saudi Arabia, 30th November, 2008 [ME NewsWire]: HRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud, Chairman of Alwaleed bin Talal Foundation* (ABTF) donated $511,232 to Leadership University College (LUC), Bangladesh to help build female dormitory with 250 beds, and build a teachers’ and staff quarter to accommodate 25 families, 3 bed rooms each, one dining room, one kitchen and two toilets.

Leadership University College (LUC) is an educational trust dedicated to providing opportunities for tertiary education to disadvantaged rural students in Bangladesh and in its neighboring countries, in order to eliminate poverty over the long run. LUC delivers professional knowledge and skills whilst preserving Muslim identity. Students graduate with a diploma in Information Technology (System Administration).

HRH through ABTF has donated to many philanthropic projects globally including, a donation $1 million 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.
 

*Alwaleed bin Talal Foundation’s Executive Manager is Ms. Muna AbuSulayman and the foundation is an independent entity from Kingdom Holding Company.
 

About Kingdom Holding Company:
KHC is one of the worlds most successful and diversified business organizations, highly respected in the field of investment and recognized as an elite player in the Arabian Gulf region and internationally. KHC was founded in 1980 where initially the Company focused on construction activities, housing development and educational projects.

Today, KHC's portfolio has its main interest in hotels and hotel management, financial services, real estate, technology and media. KHC also has stakes in other Saudi publicly traded companies in the various sectors; banking through Samba, food via Savola, industrial through Tasnee and media via SRMG. Other KHC investments include Telecommunications, retail, tourism, consumer and healthcare.