Today, His Excellency, the Minister of Environment, Water, and Agriculture, Eng. Abdulrahman Alfadley launched the Namaa Endowment Fund, aimed at strengthening the sustainability of the non-profit sector within the Kingdom's environmental system. The fund seeks to support economic and social development goals, meet community and development needs, enhance the non-profit sector's contribution to GDP, and promote environmental, water, and agricultural sustainability.
During his remarks, the minister said the Namaa Endowment Fund represents a new model of institutional endowment work and a strategic step toward achieving economic and social development targets. He added that it will help boost the non-profit sector's contribution to the national economy in line with the goals of Saudi Vision 2030.
He also noted that the ministry will work with its partners — the General Authority for Awqaf, the Capital Market Authority, and SNB Capital — to support the fund and encourage private companies, business leaders, and community members to contribute through an authorized online platform and a robust financial management system. He invited the public to participate in the fund to help drive development and ensure the sustainability of the environment, water, and agriculture sectors.
The minister explained that the fund aims to maximize the developmental impact of its endowment assets and finance charitable initiatives within the ministry's system, represented by nonprofit organizations such as the Reef National Foundation, the Vegetation Cover Development Foundation, and the Sekaya Charitable Foundation. These initiatives will focus on providing water, conserving water resources, afforestation, biodiversity protection, expanding vegetation cover, supporting the circular economy, strengthening environmental sustainability, and advancing agriculture and irrigation, as well as reducing food waste.
For his part, the Governor of the General Authority for Awqaf, Emad Alkharashi, announced that the authority will contribute SAR 100 million as a starting base for building a sustainable endowment model. He said the Namaa Endowment Fund reflects a clear vision that combines the deep-rooted cultural value of endowments with modern investment tools to achieve sustainability and growth, helping preserve the environment and natural resources. He emphasized that environment, water, and agriculture are not merely service sectors, but essential pillars of life, foundations of food security, and guarantees for continued development.
The fund is also designed as an endowment model that invests in entrepreneurship outputs within the ministry's sectors, activates environmental, water, and agricultural assets, and strengthens the developmental role of nonprofit organizations.
Contributions can be made via the following link:
https://namadon.sa