RIYADH: The Mohammed bin Salman Foundation (Misk) has signed a memorandum of understanding with the Princess Al-Anoud Foundation.
The agreement was co-signed by Misk CEO Dr. Badr bin Hamoud Al-Badr and Dr. Yousef bin Othman Al-Hazeem, secretary-general of the foundation.
The deal is aimed at building a framework for joint cooperation between the two bodies in supporting nonprofit youth organizations and also aims to enhance their sustainability and participation in contributing to the Saudi national economy in line with the objectives of Vision 2030.
The deal paves the way to discuss opportunities to back nonprofit youth organizations and initiatives, double their numbers, and exchange experiences.
The two foundations will cooperate in the research and analysis of the needs of nonprofit youth organizations and establish training programs to improve staff skills.
A working group will also be set up to discuss unified strategic goals and build an executive action plan.
Saudi Arabia’s Misk, KKF sign deal to promote nonprofit sectorHow Misk Academy empowered young Saudis to prosper in the modern workplace