PSAU made an engineering sponsorship agreement during the establishment period of the endowments. The agreement was made with Al Muhaid Consulting Engineers Co. that affiliates Al Muhaid Holding Group.
Dr. Abdul Aziz Jraiwi Secretary of the university endowments signed the agreement on behalf of the university while Eng. Saad Ghaithi Member of the Founding Committee of Al Muhaid Holding Group. The agreement includes planning and engineering vision for the university’s endowments by the Al Muhaid Co., besides supervising the projects execution.
The agreement is considered the finest works of the university’s endowments. It was signed on the second meeting sideline of the Constitute Endowment Committee of PSAU. The meeting was headed by Dr. Abdul Rahman Al Asimi Rector of PSAU, Head of the committee. Dr. Jraiwi presented the meeting agenda that includes a report about the committee’s achievement during the past period. Then, a number of topics were discussed and endowment initiatives. In addition, the committee considered a number of recommendations as follows:
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Adoption of the rules governing the endowments of the University.
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Approval of the plan of the coordinating meeting of the Saudi university endowments trustees, which is hosted by the Secretariat of the university endowments.
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Approval of the establishment of the Investment Committee of the Secretariat.
