RAK Hospitality Holding signs MoU with Beit Al Khair Society

Ras Al Khaimah, United Arab Emirates: RAK Hospitality Holding (RAKHH), represented by its chairman HH Sheikh Ahmed bin Saud bin Saqr Al Qasimi, has signed a Memorandum of Understanding (MoU) with the Beit Al Khair Society, represented by HE Abdeen Taher Al Awadhi, General Manager of Beit Al Khair Society.

The signing was also attended by Mr. Yannis Anagnostakis, CEO of RAKHH, Mr. Saeed Mubarak Al Mazroui, Deputy General Manager of Beit Al Khair Society, and a group of directors from both parties along with a number of RAK’s community and senior officials.

The MoU aims to launch new charitable and social responsibility projects through the cooperation between RAKHH, one of RAK’s most significant hospitality organizations and the Beit Al Khair Society.

Under the MoU, RAK Hospitality Holding will promote and display the projects of Beit Al Khair Society on their website, and will allow Beit Al Khair Society to put its fund raising boxes at their offices. Additionally, RAK Hospitality Holding will be sponsoring a number of mutually agreed projects or annual events that serve the community in the emirate of Ras Al Khaimah (RAK)

“RAK Hospitality Holding is committed to supporting initiatives and projects dedicated towards social responsibility and volunteerism. This memorandum comes in line with the strategic objectives of the Year of Zayed, which we are still celebrating in commemoration to the legacy of our Late Founding Father Sheikh Zayed. We strive to achieve such objectives through new projects and initiatives that reflect his values and vision to support the diverse society of the UAE and to lend a hand to those in need.” Comments HH Sheikh Ahmed bin Saud bin Saqr Al Qasimi, Chairman of the Board of RAKHH

His Highness then added: “Beit Al Khair Society becomes well known in the field of providing humanitarian services in UAE, The noble objectives of this honorable Society match with the vision of RAK Hospitality Holding, which has made its commitment to social responsibility an essential pillar within the annual framework of its operations.”

Mr.Yannis Anagnostakis, CEO of RAKHH, said: "We are delighted to have partnered with the Beit Al Khair Society, which is in line with our desire to support UAE-based social and charitable institutions. We are proud to support Beit Al Khair Society as an integral part of our responsibility towards the community; as the Society holds a highly regarded reputation through its distinguished charitable work and innovative projects that have left their mark within community. Beit Al Khair Society helps families through its educational programs and incentives to support their living. They have brought smiles to the faces of those who deserve them the most—orphans, the elderly, and People of Determination.”

Mr. Anagnostakis then briefly added: “We are delighted to promote and display the projects of Beit Al Khair Society on our website, along with allowing Beit Al Khair Society to put its fund raising boxes at our offices. We will also be sponsoring a number of mutually agreed projects or annual events that serve the community and raise awareness to help people in need.”

The Beit Al Khair Society views this MoU as the new gateway that opens more opportunities to interact with the RAK community, and to encourage donors, benefactors and visitors to support the projects that provide assistance to families in need. Through its active branch in Ras Al Khaimah, the Society supports nearly 600 families with monthly cash assistance and provides more than 3,500 cases annually with emergency assistance  

"Beit Al Khair was keen to sign such an agreement with RAK Hospitality Holding, which operates under the support and guidance of HH Sheikh Ahmed bin Saud bin Saqr Al Qasimi, with a wide variety of activities, thus enhancing the status of RAK’s tourism on both domestic and international levels,” said HE Abdeen Taher Al Awadhi, General Manager of Beit Al Khair Society.  "This agreement comes in response to the wishes of His Highness the Chairman along with His Highness’ fellow board members to contribute towards the charitable and voluntary efforts of its corporate social responsibility (CSR). RAK Hospitality Holding strives to help those in need in tandem with their designated work in hospitality. Hence, and on behalf of Beit Al Khair Society, I would like to extend my thanks and gratitude for them and for their trust in us as a partner to achieve such a noble goal. We would like to extend our full cooperation in this direction to expand our activities in the Emirate of Ras Al Khaimah and to strengthen ourselves to extend a helping hand to the entire society. Also inspired by the directives of our Board of Directors and its Chairman, Juma Al Majid, to extend a hand to any public or private body seeking to raise donations to help those in need.”

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 ABOUT RAK HOSPITALITY HOLDING (“RAKHH”)

Established in 2014 by the Government of Ras Al Khaimah, RAK Hospitality Holding LLC was formed with a mandate to consolidate and asset manage a diverse portfolio of hotels, hospitality and leisure assets in the emirate of Ras Al Khaimah. RAK Hospitality Holding manages companies that oversee the entire value chain of subsidiaries of the group. Its subsidiaries include; RAK National Hotels; which owns hotel assets ranging from midscale to luxury, and locations ranging from city to beach to desert; namely the Hilton Ras Al Khaimah,

Hilton Resort and Spa, Rixos Bab Al Bahr, Banyan Tree Al Wadi, RAK Hospitality Asset Management; the asset management and development advisory arm, RAK Hospitality Logistics; the provider of services and logistics to Ras Al Khaimah’s hospitality sector, Hakaya Collection; the operating arm of hospitality and leisure assets. For more information, please visit: www.rakhospitalityholding.com 

About Ras Al Khaimah:

Ras Al Khaimah (RAK) is the northernmost of the seven Emirates that make up the United Arab Emirates. It is known for its rich history, dating back 7,000 years, and diverse landscape, from 64km of pristine beaches, to terracotta deserts and an imposing mountain backdrop. The Emirate is home to the highest peak in the UAE, Jebel Jais, which features the world’s longest zip line, at almost 3km.

RAK is also centrally located at the modern crossroad between Europe and Asia, with one third of the world’s population within four hour’s flying time, making it an ideal location for businesses to expand into the UAE, the Middle East and Africa and beyond.

At the Emirate's economic heart lies several major companies and sectors - industrial (including RAK Rock and Stevin Rock’s quarries, RAK Ceramics and Julphar Pharmaceuticals); RAK Ports; RAK Economic Zone; banking via RAKBANK; RAK Gas and tourism. Supporting these industries is a modern infrastructure, state-of-the-art industrial areas and business parks and world-class hotels, facilities and attractions for tourists.

For the past decade, Ras Al Khaimah has been consistently rated ‘A’ by international rating agencies (Fitch and Standard & Poor’s) and already the Emirate is home to about 15,000 businesses, with almost 37,000 companies from 100 countries having trade licenses here.

RAK Courts is also the second-fastest court in the world at enforcing contracts in commercial disputes.

© Press Release 2018