Alshabab club in UAE has announced transforming its stadium into the first endowment stadium in the World.  The announced endowment will be dedicated for health.  The decision has been made by the club board as per the global endowment vision announced earlier by H.H. Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai.

Accordingly, the club has gained the "Dubai Endowment Sign" initiated by Mohammed Bin Rashid Global Centre for Endowment Consultancy to highlight innovative endowment and CSR.

Sami Alqamzi, Chairman of Alshabab club said: "We are glad to be part of the global endowment vision.  As a sports club, we think that it is an honor to have this announcement to support health which represents an important social need in all communities."

Dr. Hamad Alhammady, Secretary General of the Mohammed Bin Rashid Global Centre for Endowment Consultancy said:”the global centre is keen to support innovation in endowment,  the first endowment stadium in the World is a message that there are no limits for endowment as a socioeconomic development tool”.  Alhammady added: "we are working on new innovative ideas in endowment and providing different relevant services through our website www.mbrgcec.ae"