Alinma Enayah Endowment Fund launched in Riyadh

The launch ceremony was attended by Riyadh Gov. Prince Faisal bin Bandar and Abdulmohsen Al-Fares, CEO of Al-Alinma Bank.
Updated 26 May 2019
0

Alinma Enayah Endowment Fund launched in Riyadh

Riyadh Gov. Prince Faisal bin Bandar launched the Alinma Enayah Endowment Fund at the Charitable Health Society For Patient Care (Enayah) headquarters in Riyadh.
The fund is a public open-end endowment fund, endowed for the benefit of charitable health society Enayah.
Abdulmohsen Al-Fares, CEO of Al-Alinma Bank, said: “We enjoy royal encouragement for all our initiatives that aim at developing investment tools and enhancing the role of civil society organizations in serving the community. The patronage of his highness the governor of Riyadh is a form of continuous support for one of our pilot projects serving the community in the Kingdom.”
Al-Fares thanked Enayah’s chairman, members of the board of directors and the organization’s staff comprising volunteer doctors for their outstanding efforts in the treatment of patients and the needy.
“The fund aims to enhance the developmental role of private endowments by participating in supporting health care, and increasing and investing the fund assets in order to achieve social solidarity and benefit both the endowment disbursement channels and the endowed asset,” said Mazen Fawaz Baghdadi, acting CEO of Alinma Investment Company. The fund manager will work to invest the fund assets, which include cash, real estates, securities, and more, with a view to achieve capital return and distribute a specified return rate annually and continuously on the fund specified disbursement channels of health and medical services through Enayah, where the charity is committed to spend the fund returns on a number of health and medical fields.
Alinma Investment Company is the investment arm of Alinma Bank, a company licensed by the Capital Market Authority. (No. 37-09134) offering a range of investment products and services.


Rove At The Park opens in Dubai Parks and Resorts

Updated 17 June 2019
0

Rove At The Park opens in Dubai Parks and Resorts

Rove Hotels, a contemporary midscale hotel brand, has opened its sixth hotel in Dubai — Rove At The Park — in Dubai Parks and Resorts, the largest integrated theme park destination in the region. As the opening offer, guests can stay at Rove At The Park for 199 dirhams ($54) per night inclusive of two tickets to Dubai Parks and Resorts.
Rove At The Park has 579 rooms and interconnecting family rooms. Guests at Dubai Parks and Resorts can access more than 100 fun rides and attractions spread across Motiongate Dubai, Bollywood Parks Dubai, Legoland Dubai and Legoland Water Park. This is in addition to free access to themed zones, street ambiance and numerous shops and restaurants at Riverland Dubai.
On the opening of the new hotel, Paul Bridger, corporate director of operations, Rove Hotels, said: “Guests love Rove Hotels for their convenient locations, funky interiors, chilled ambience and great service, which have made the brand one of the most popular in the city. We are excited to open Rove At The Park, our sixth and largest property in Dubai. The hotel offers a launchpad to discover Dubai Parks and Resorts and the rest of the city.”
Ahmed Al-Rayyes, chief retail and hospitality officer, DXB Entertainments, the company that owns Dubai Parks and Resorts, said:
“Dubai Parks and Resorts is a dynamic leisure destination with attractions that appeal to families, couples, and theme park enthusiasts from around the globe. With the opening of Rove At The Park, guests will have easy access to a vibrant new hotel that is perfect for residents looking for a quick weekend getaway. Opening a second hotel is part of Dubai Parks and Resorts’ strategy to have more than 1,300 keys at the destination by the second half of 2020. We look forward to welcoming even more tourists who will now be able to enjoy rides and attractions at the park, with the option of a conveniently located hotel in the vicinity.”
Rove At The Park is just over half an hour drive from the Dubai International Airport and the Al-Maktoum International Airport. Additionally, the hotel is just minutes away from the future Expo 2020 location, making it convenient for visitors traveling to the exhibition.
The design of Rove At The Park is inspired by the local area and uses art to tell stories and offer Instagrammable moments throughout the hotel. All 579 rooms house a 48-inch interactive TV screen with a smart media hub and free Wi-Fi. The rooms have designer mattresses, pull-out beds for extra guests, a mini-fridge, a large safe, and a modern bathroom with power rain showers.