DAAM, EAA Sign Financing Agreement to Support The Fifth Assalam School for Five Academic Years

Doha: The Social and Sport Contribution Fund (DAAM) recently has signed a financing agreement with the Education Above All Foundation (EAA) to support The Fifth Assalam School. Under this agreement, DAAM will finance the school's operational budget over the span of five academic years, from 2024/2025 to 2028/2029. The agreement stems from the efficient role that DAAM and joint-stock companies listed on the Qatar Stock Exchange play in supporting social and sports activities within the State of Qatar, as directed through the Qatar National Vision 2030. The collaboration between DAAM and EAA aims at enabling less fortunate younger generations residing in Qatar, and granting them the right for education. Exceptional education opportunities will be offered by an elite educational board, specifically assigned to deal with this group of students. Abdulrahman bin Abdullatif Al Mannai, Executive Director of DAAM: "DAAM's support for The Assalam Fifth School stems from its firm commitment to ensuring the provision of quality education opportunities for all people in the State of Qatar, and this is fully in line with our aspirations and goals in line with Qatar National Vision 2030, especially with regard to the human development pillar that aims to develop the population of the State of Qatar so that they can build a prosperous society. We at DAAM will continue to work alongside the Education Above All Foundation with the aim of ensuring that all children are granted their right to quality education." Fahad Al Sulaiti, CEO of Education Above All Foundation, stated: "The signing of this agreement reflects our ongoing commitment to improving educational opportunities for the children and youth of Qatar. Through cooperation with DAAM, we seek to build a sustainable future that ensures that every child has access to the quality education they deserves. This partnership is not only in support of fifth Assalam School, but is an important step towards achieving Qatar National Vision 2030, which aims to develop the capabilitie s of community members and ensures a prosperous future for all." This agreement with Education Above All is the second of its kind, as DAAM has previously provided funding to support the school's budget for three academic years from 2021-2022 to 2023-2024. The Fifth Assalam School is an education facility that was undertaken through the 'Together' Project within the Education Above All Foundation. 'Together,' 'DAAM' and 'EAA' are providing comprehensive education, vocational training, and a robust educational framework to ensure every child in Qatar receives an education. Since its foundation in 2010, the Social and Sport Contribution Fund 'DAAM' has paved the way for numerous sports and social projects and initiatives. The contributions of joint-stock companies listed on the Qatar Stock Exchange remain a key funding resource for 'DAAM,' as they continue to be success partners in realizing the country's social development. Source: Qatar News Agency