Al Fahim group launches Dh360m permanent charitable fund

Al Fahim, one of Abu Dhabi's largest family business group, announced the launch of a Dh360 million charitable fund after unveiling the group's new corporate identity.

The Abdul Jalil Al Fahim & Sons Endowment is a permanent charitable fund and is dedicated to support a broad array of relief activities and charitable causes. The shareholders have ratified the fund by each assigning equal amount of their capital shares to support humanitarian causes.

"Amidst all these national and global successes we continue to play a considerable role that demonstrates our social responsibility towards the community and the UAE citizens," said group chairman Saeed Abdul Jalil Al Fahim.

"Since the group's inception in the 1970s (although the business began in 1954), donating to charitable causes has been a mainstay on our balance sheet. And as we grow, our support to the community broadens."

The group's new identity reflects Al Fahim's dynamic nature and the group's commitment to common values despite their distinct and diverse business pursuits. "We believe our new look sends a vibrant and positive message and clearly demonstrates our readiness for the future."

The diversified group comprises some eight companies and five hotels. Al Fahim has a stronghold on luxury car sales in the UAE market and provides specialised services to Abu Dhabi's oil and gas industry. It is also one of the largest private sector owner of hotel rooms in the emirate with an inventory of more than 1,000 rooms and a presence in the travel sector.

Abdul Jalil Al Fahim was the first citizen in Abu Dhabi to transfer his single-owned business into a family-owned business.