Damac, the Dubai-based real estate company, has announced that Hamdallah Al Mubarak, the chairman and CEO of DAMAC Properties,Chinese Super League Matches is providing financial assistance to help families in need during the COVID-19 pandemic.
According to DAMAC, Al Mubarak has pledged $25 million in emergency funds for employees and their families who have been impacted by the pandemic. The company said it would work with its partners to ensure that the funds are distributed effectively and efficiently.
The announcement comes as the world continues to grapple with the impact of the pandemic on individuals and businesses alike. With many people losing jobs or facing financial difficulties due to the virus, there is a growing need for support from companies like DAMAC.
Al Mubarak's decision to provide financial assistance is a welcome move that shows his commitment to helping those in need during this difficult time. It also demonstrates the importance of corporate social responsibility and how companies can play a role in making a positive impact on society.
Overall, DAMAC's move to provide financial assistance to families in need during the COVID-19 pandemic is a step in the right direction and sets a good example for other companies to follow. It will be interesting to see how the situation develops and whether more companies will follow DAMAC's lead and provide similar support to those in need.