Endowments are among the most important religious and economic tools in the Kingdom. They help preserve wealth across generations, support charitable and community work.
At Abdullah Azouni & Partners, we provide comprehensive legal services covering establishment, governance, and dispute management of endowments, considering the sensitivity of family and humanitarian dimensions.
Establishing endowments and drafting endowment deeds. This includes identifying properties or assets, beneficiaries, founder conditions, disbursement mechanisms, appointing the trustee, defining powers, and organizing transfer of trusteeship.
Preparing governance regulations for endowments, organizing trustee councils, voting and decision mechanisms, conflict of interest control, financial policies, investment and documentation policies.
Designing family endowments that maintain family assets and reduce disputes, regulating relations among family members in the endowment, establishing family councils linked to the endowment, and organizing transfer of ownership and management across generations.
Organizing investment endowments through structuring as investment entities, preparing investment contracts, managing endowment portfolios, protecting assets from infringement, periodic asset evaluation, and reviewing related commercial contracts.
Managing real estate endowments through drafting lease, sale, development contracts, operation and maintenance contracts, reviewing ownership deeds, and handling related disputes.
Representing parties in endowment disputes, such as disputes between trustee and beneficiaries, or among heirs over compliance with the endowment deed, requests to remove trustee, interpreting ambiguous deed clauses, or real estate endowment disputes.
Providing ongoing advice to endowments through review of investment decisions, contractual risk analysis, preparing periodic compliance reports, and following implementation of regulations.
Starting from the founder’s intent, treating the endowment deed as the primary reference document.
Combining jurisprudence and regulatory law in interpreting and implementing endowment provisions.
Preventing disputes through clear internal systems and strict regulations.
Focusing on endowment sustainability and its ability to disburse to beneficiaries across generations.
Enhancing transparency and governance in managing endowment funds.
