Saudi Gazette report

RIYADH — The Muhammad Bin Salman Foundation (Misk) has signed a memorandum of understanding with the Princess Al-Anood Philanthropic Foundation (PAPF) .

The MoU seeks to build a framework for joint cooperation between the two parties in supporting non-profit youth organizations and create opportunities for their sustainability and effective participation in the national economy in line with the objectives of the Kingdom Vision 2030.

The agreement, which was co-signed by Dr. Badr bin Hamoud Al-Badr, CEO of MiSK, and Dr. Yousef bin Othman Al-Hazeem, Secretary-General of Princess Alanood Foundation, also aims to double the number of non-profit youth organizations, exchange experiences in order to achieve the practical goals of the two foundations, cooperate in the research and analysis of the needs of the organizations, and establish training programs to raise the professional competence of their staff.

In line with the MOU objectives, a working group will discuss the unified strategic goals in supporting youth initiatives and organizations and build an executive action plan to define the goals assigned to each party.