Executive Chairman of Dubai Multi Commodities Centre, DMCC, Ahmed Bin Sulayem, has announced the launch of the organisation’s latest corporate social responsibility (CSR) initiative, the ‘DMCC Foundation’, at its employee Iftar hosted at the Waldorf Astoria, Palm Jumeirah.
DMCC said the launch of the foundation was in support of the philanthropic initiatives of Vice President and Prime Minister and Ruler of Dubai His Highness, Sheikh Mohammed bin Rashid Al Maktoum, as well as his drive to make Dubai the centre of Islamic Economy.
The ‘DMCC Foundation’ will be a non-denominational fund to be governed by independent trustees appointed by the DMCC Executive Chairman to oversee the disbursements of funds.
All DMCC employees will be encouraged to contribute 2.5 per cent of the average saving potential of their annual salary. The DMCC executive chairman has already led by example in doing so inspired by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai’s philanthropic initiatives.
Bin Sulayem, said, “The holy month of Ramadan is very much a time of year for reflection, charity and self-accountability, however, at DMCC we feel these values should be embedded in our culture permanently which is why we are proud to announce the launch of the ‘DMCC Foundation’, today at our employee Iftar.
DMCC, a strategic initiative of the government of Dubai, was established in 2002 with a mandate to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai.
Source : WAM News Agency for United Arab Emirates
