In the Name of Allah, the Most Benevolent, the Most Merciful

“Read! In the Name of Thy Lord and Cherisher Who Created, Created Man Out of a Clot of Blood, Read! And Thy Lord Is the Most Bountiful, He Who Taught the Pen, Taught Man That Which He Knew Not.” 

With the aim of satisfying Allah and contributing to the scholarly and literary development in the Arab Homeland, and out of pride for my homeland and nation and the belief that promoting culture and science is the core foundation for Arab Unity and development of humanity,

Whereas I want to allocate certain funds of mine for this contribution to materialize and take its legal status and to guarantee that such an allocation shall make the objectives come to function, I Sultan bin Ali Al Owais, a United Arab Emirates national, do hereby establish a private foundation called Sultan Al Owais Cultural Foundation as per the following terms:

 

Article 1

The following funds of mine shall be allocated to constitute the capital of Sultan Al Owais Cultural Foundation:

National Bank of Dubai shares

Certificate No.

Number & Serials of Shares

2066

10,000Shares(Ten Thousand Shares)

from No. 1469382 to No. 1749381

Etisalat Corporation shares

 

Certificate No.

Number of Shares

 Certificate No.

Number of Shares

       38536

            2363

         34912

             227

       34913

            227

         34068

             243

       41031

            238

         34298

             270

       41051

            164

         41032

             238

       34290

            310

         34297

             310

       34299

            310

         41024

             310

       41025

            310

         41026

             310

       41027

            310

         41028

             310

       41029

            310

         41006

             310

       41007

            310

         41008

             310

       41009

            310

 

 

        Total  

                8,000 Shares (Eight Thousand Shares)

 

 USA Federal Treasury Bond

Coupon No.

Maturity Date

Nominal Value

       850

15/2/2020

US $ 2,750,000


Article 2

The capital of the Foundation shall be used for the following objectives:

  •   Awarding Arab scholars, intellectuals and litterateurs with The Sultan bin Ali Al Owais Cultural Awards to be distributed every two years.
  •   Supporting and promoting any other activity that may help the Foundation in achieving its objectives.
     

Article 3

 

The Foundation shall have its seat and main office in Dubai.

 Article 4

A Board of Trustees shall supervise and administrate the operations of the Foundation. The first Board of Trustees shall consist of the following members:

 
1.      Omran Bin Salim Al Owais

2.      Taryam Omran Taryam

3.      Abdul Gaffar Hussain

4.      Mohammad Khalifa Bin Hadhir

5.      Dr. Khalifa Bakheet Alfalasi

6.      Abdul Rahman Bin Mohammad Al Owais

7.      Dr. Anwar Mohammad Gargash

8.      Dr. Mohammad Abdullah Al Mutawa

9.      Dr. Sulaiman Mousa Al Jasim

10.    Abdul Hamid Ahmad

11.    Nassir Hussain Al Aboudli

 

Article 5

 The Foundation shall be regulated according to the following rules which constitute the By-Laws.