Masri Foundation Joins Al-Quds Empowerment Fund and Saudi Business Leaders in Riyadh to Advance Resilience in Jerusalem

Riyadh, Saudi Arabia – April 16, 2025 – The Munib & Angela Masri Foundation participated in a high-level expanded meeting organized by the Federation of Saudi Chambers, which brought together representatives of the Al-Quds Empowerment Fund and the Saudi business sector. It was held under the patronage of His Royal Highness Prince Turki Al-Faisal bin Abdulaziz, Chairman of the Al-Quds Empowerment Fund’s Board of Trustees. The Foundation was represented by its Founder, Mr. Munib R. Masri, who also serves as Vice Chairman of the Fund’s Board of Trustees. The goal of meeting is to reinforce the Federation’s role in advancing the Saudi private sector’s engagement with key issues affecting the Islamic world, particularly support for the Palestinians, especially in Al-Quds (Jerusalem).  As the meeting commenced, His Royal Highness Turki Al-Faisal praised the Federation of Saudi Chambers for its charitable efforts, affirming that the event reflects the Kingdom’s enduring commitment to the Palestinian cause, a position anchored in the legacy of King Abdulaziz and upheld by today’s leadership. “Palestine, and Al-Quds in particular, is going through difficult circumstances,” he stated, emphasizing the need for the Saudi private business sector to intensify its support through the Al-Quds Empowerment Fund.  He noted that the Fund’s mission reflects a broader religious and Arab responsibility to strengthen the resilience of the Palestinians. He described the event as a valuable platform for building strategic partnerships and expand the Fund’s reach, particularly through the collaboration with institutions such as the Islamic Development Bank, recognized globally for its strong reputation in education, housing, community development, and economic empowerment.  Vice Chairman Mr. Munib R. Masri spoke about the Kingdom’s long-standing support for the Palestinian cause. “The Kingdom is a steadfast supporter of Palestine, and a land of generosity and commitment,” he said. He described the Fund’s role as a moral and religious responsibility to help strengthen the resilience of the Palestinians, ensuring they can live with dignity and remain on their land.  He also recognized the leadership of His Royal Highness Prince Turki Al-Faisal, who has led the Fund’s efforts for more than a decade. Mr. Masri closed his remarks by thanking the Federation of Saudi Chambers for standing with Jerusalem and supporting its people during this critical time.  The event concluded on a constructive note, laying the groundwork for stronger collaboration between the Al-Quds Empowerment Fund and the Saudi business community. It reinforced shared priorities around sustainable development, strategic partnerships, and the mobilization of private sector resources in support of the Palestinian people. The outcomes of this engagement are expected to enhance the Fund’s operational capacity, broaden its reach, and accelerate efforts to improve the economic and social resilience of Palestinians, particularly in Jerusalem, through meaningful long-term initiatives.  ...

April 27, 2025

Masri Foundation Participates in Riyadh Workshop on Development Partnerships for Jerusalem 

Riyadh, Saudi Arabia – April 15, 2025 – Munib R. Masri, Founder of the Munib & Angela Masri Foundation and Vice Chairman of the Al-Quds Empowerment Fund, along with Roba El-Ghadban, Executive Director of the Foundation, participated in the international workshop titled “Partners for Development and Maximizing Impact – Al-Quds Empowerment Fund as a Model.”  The event, held at the King Faisal Center for Research and Islamic Studies in Riyadh, was organized by the Al-Quds Empowerment Fund in collaboration with the King Faisal Center and under the patronage of His Royal Highness Prince Turki Al-Faisal. It is supported by the Islamic Solidarity Fund for Development (ISFD), the development arm of the Islamic Development Bank (IsDB).   The workshop brought together a diverse group of stakeholders to explore development opportunities in Al-Quds (Jerusalem) and present the Al-Quds Empowerment Fund as a structured, high-impact model aligned with Islamic finance principles. Discussions focused on the Fund’s objectives, operational mechanisms, and potential for cross-sector collaboration. The event served as a platform to announce new contributions, formalize commitments through a Memorandum of Understanding, and assess the city’s pressing development needs.  Participants in the workshop included representatives from United Nations (UN) development agencies, international NGOs, Arab and Islamic funds, charitable associations, private sector organizations, and development experts. Their collective presence is intended to promote knowledge exchange, activate joint initiatives, and align strategic priorities to better serve the Palestinians in Jerusalem.  Among the critical challenges to be addressed are the renovation of 5,000 housing units, the provision of 79,000 additional residential units, the need for 15,000 scholarships for students and educators, and the equipping of 3,000 under-resourced classrooms. These figures underscore the urgent demand for sustained and coordinated development interventions.  The workshop represents a timely and strategic step toward mobilizing regional and international support for Jerusalem. The Munib & Angela Masri Foundation as inaugural donor is honored to contribute to this important dialogue and remains dedicated to advancing inclusive and sustainable development for Palestine.  ...

April 24, 2025

Masri Foundation Donates Generators to Support Hospitals in Libya  

The Munib & Angela Masri Foundation, Edgo’s CSR arm, has donated power generators to Al-Brega General Hospital in Brega and Al-Argoub Hospital in Ajdabiya, Libya. The donations were made through Camco, an Edgo company, and facilitated by Sirte Oil Company (SOC) for Production & Manufacturing of Oil and Gas, a subsidiary of Libya’s National Oil Corporation (NOC).  This initiative reaffirms Edgo’s commitment to the communities in which it operates, directly addressing critical healthcare challenges to enhance service delivery.   Omar M. Masri, Board Member of the Masri Foundation and CEO of Edgo, stated: "Our Foundation remains committed to working hand in hand with local partners to drive sustainable development across various sectors, striving to create a positive and lasting impact in the communities we serve."  This contribution is part of Edgo’s broader commitment to Libya through the Masri Foundation, where it has launched numerous initiatives focused on education, economic empowerment, and healthcare, reinforcing its dedication to meaningful community impact.  ...

February 19, 2025

Leading with Purpose, Building a Greener Future

Amman, Jordan – January 22, 2025 – Edgo, a leading multi-disciplinary group serving the energy industry across the Middle East and Africa (MENA), proudly announces its commitment to Net-Zero Emissions (NZE) 2045 Initiative. Through this initiative, Edgo aims to reduce greenhouse gas emissions, foster innovation, and align its operations with the goals of the Paris Agreement.   At Edgo, sustainability is more than a commitment, it is core to our identity. Since 1956, our principles have been built on progress, innovation, and a responsibility to future generations. “Edgo’s commitment to NZE 2045 reflects our responsibility to uphold sustainability and support the countries we operate in,” said Omar M. Masri, CEO of Edgo. “Climate change presents significant challenges to our region, and we understand the urgency of taking meaningful action. While we remain focused on delivering exceptional energy solutions, we are equally committed to shaping a cleaner, greener future.”    The NZE 2045 Initiative outlines a phased roadmap to achieve this goal and serves as a cornerstone of Edgo’s sustainability strategy. By 2030, Edgo will reach a pivotal milestone by significantly reducing carbon emissions through sustainable practices and energy efficiency improvements. Following this, the company will adopt advanced innovations, including carbon capture technologies and natural offsets, ensuring full NZE across all entities by 2045.   Through this initiative, Edgo is advancing energy efficiency and strengthening resilience across its operations. By embedding sustainability into every aspect of its business, Edgo is setting a benchmark for sustainable energy practices in the region.   ...

January 22, 2025