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  •  The Lateefah Moyosore Durosinmi LMD Foundation has awarded scholarship to 40 pupils and students of Primary and Secondary Schools respectively while 33 women from the South West received grants Prof Fatimah AbdulKareem the Chairperson Board of Trustees BOT LMD Foundation made this known at the foundation s eighth Award Ceremony on Thursday in Ile Ife AbdulKareem represented by Dr Jade Mohammed a Board of Trustees member said in spite of security and economic challenges across the country the foundation was still able to awards the scholarship and give empowerment to some women She said that additional awards were given to the previous beneficiaries as part of the foundation s economic empowerment scheme AbdulKareem said that with the awards 245 students and 164 women had been supported According to her the foundation is funded by philanthropists and kind hearted Nigerians through donations and Zakaah This has continued to sustain the programmes of the foundation she said Also Chairman of the occasion Bashir Awotorebo a former Minister of Water and Mineral Resources lauded the foundation for assisting the needy not minding the nation s economic downturn Awotorebo urged all and sundry to make use of any opportunity that comes their ways to help others He appealed to the foundation to continue with the programme for the benefits of mankind Commenting Prof Shareefah Labo Popoola the Guest Speaker spoke on Islamic Perspectives of Human Well Being lauded the foundation s efforts for impacting lives positively Labo Popoola decried the attitude of some wealthy Nigerians who could not assist others especially the needy with their resources She said that many people were in need of supports physically emotionally socially and intellectually No wonder some especially children were committing suicide whenever they needed encouragement and they could not get it They also need to be empowered by their parents emotionally especially when they failed Let everyone stop blaming government but rise up to their responsibilities to care for others as government alone could not do it Labo Popoola said She said that some Muslims doesn t valued paying their Zakaat because of worldly things that could not profit them saying that payment of Zakaat gives hope for the hopeless Labo Popoola urged parents to give both formal and informal education to their children In his remarks Prof Muheeb Durosinmi of LMDF Executive member enjoined the beneficiaries to work hard imbibe excellence and be prudent with the little given to them One of the beneficiaries from Ondo State Afolabi Lukman thanked the foundation for the good gesture promising that they would not disappoint them ng com NewsSourceCredit NAN
    Foundation awards scholarship to 40 students, empowers 33 women
     The Lateefah Moyosore Durosinmi LMD Foundation has awarded scholarship to 40 pupils and students of Primary and Secondary Schools respectively while 33 women from the South West received grants Prof Fatimah AbdulKareem the Chairperson Board of Trustees BOT LMD Foundation made this known at the foundation s eighth Award Ceremony on Thursday in Ile Ife AbdulKareem represented by Dr Jade Mohammed a Board of Trustees member said in spite of security and economic challenges across the country the foundation was still able to awards the scholarship and give empowerment to some women She said that additional awards were given to the previous beneficiaries as part of the foundation s economic empowerment scheme AbdulKareem said that with the awards 245 students and 164 women had been supported According to her the foundation is funded by philanthropists and kind hearted Nigerians through donations and Zakaah This has continued to sustain the programmes of the foundation she said Also Chairman of the occasion Bashir Awotorebo a former Minister of Water and Mineral Resources lauded the foundation for assisting the needy not minding the nation s economic downturn Awotorebo urged all and sundry to make use of any opportunity that comes their ways to help others He appealed to the foundation to continue with the programme for the benefits of mankind Commenting Prof Shareefah Labo Popoola the Guest Speaker spoke on Islamic Perspectives of Human Well Being lauded the foundation s efforts for impacting lives positively Labo Popoola decried the attitude of some wealthy Nigerians who could not assist others especially the needy with their resources She said that many people were in need of supports physically emotionally socially and intellectually No wonder some especially children were committing suicide whenever they needed encouragement and they could not get it They also need to be empowered by their parents emotionally especially when they failed Let everyone stop blaming government but rise up to their responsibilities to care for others as government alone could not do it Labo Popoola said She said that some Muslims doesn t valued paying their Zakaat because of worldly things that could not profit them saying that payment of Zakaat gives hope for the hopeless Labo Popoola urged parents to give both formal and informal education to their children In his remarks Prof Muheeb Durosinmi of LMDF Executive member enjoined the beneficiaries to work hard imbibe excellence and be prudent with the little given to them One of the beneficiaries from Ondo State Afolabi Lukman thanked the foundation for the good gesture promising that they would not disappoint them ng com NewsSourceCredit NAN
    Foundation awards scholarship to 40 students, empowers 33 women
    General news2 weeks ago

    Foundation awards scholarship to 40 students, empowers 33 women

    The Lateefah Moyosore Durosinmi (LMD) Foundation has awarded scholarship to 40 pupils and students of Primary and Secondary Schools respectively, while 33 women from the South-West received grants.

    Prof. Fatimah AbdulKareem, the Chairperson, Board of Trustees (BOT), LMD Foundation, made this known at the foundation’s eighth Award Ceremony on Thursday in Ile-Ife. AbdulKareem, represented by Dr Jade Mohammed, a Board of Trustees member, said in spite of security and economic challenges across the country, the foundation was still able to awards the scholarship and give empowerment to some women.

    She said that additional awards were given to the previous beneficiaries as part of the foundation’s economic empowerment scheme.

    AbdulKareem said that with the awards, 245 students and 164 women had been supported.

    According to her, the foundation is funded by philanthropists and kind hearted Nigerians through donations and Zakaah.

    “This has continued to sustain the programmes of the foundation,” she said.

    Also, Chairman of the occasion, Bashir Awotorebo, a former Minister of Water and Mineral Resources, lauded the foundation for assisting the needy, not minding the nation’s economic downturn.

    Awotorebo urged all and sundry to make use of any opportunity that comes their ways to help others.

    He appealed to the foundation to continue with the programme for the benefits of mankind.

    Commenting, Prof. Shareefah Labo-Popoola, the Guest Speaker spoke on: “Islamic Perspectives of Human Well-Being”, lauded the foundation’s efforts for impacting lives positively.

    Labo-Popoola decried the attitude of some wealthy Nigerians who could not assist others, especially the needy, with their resources.

    She said that many people were in need of supports physically, emotionally, socially and intellectually.

    “No wonder some, especially children were committing suicide whenever they needed encouragement and they could not get it.

    “They also need to be empowered by their parents emotionally, especially when they failed.

    “Let everyone stop blaming government, but rise up to their responsibilities to care for others, as government alone could not do it,” Labo-Popoola said.

    She said that some Muslims doesn’t valued paying their Zakaat, because of worldly things that could not profit them, saying that payment of Zakaat gives hope for the hopeless.

    Labo-Popoola urged parents to give both formal and informal education to their children.

    In his remarks, Prof. Muheeb Durosinmi of LMDF Executive member, enjoined the beneficiaries to work hard, imbibe excellence and be prudent with the little given to them.

    One of the beneficiaries from Ondo State, Afolabi Lukman, thanked the foundation for the good gesture, promising that they would not disappoint them.

    ng.

    com
    NewsSourceCredit: NAN

  •  EFG Hermes Corp Solutions a wholly owned subsidiary of EFG Hermes Holding and one of Egypt s leading leasing and factoring companies announced today that it has signed a sale and leaseback agreement amounting to EGP 600 million with LMD to finance its all in one leisure and business complex 3 Sixty The financing was split into two tranches equally the first of which was completed last January while the second transaction was concluded in early March The agreement will allow LMD to speed the construction of 3 Sixty business and leisure park enabling the company to achieve true competence deliver on its promises and continue to earn the trust of its stakeholders We are extremely delighted to collaborate with a world class real estate developer such as LMD and to provide it with the financing needed to complete its remarkable project 3 Sixty This new partnership is part of EFG Hermes Corp Solutions on going efforts to expand our service offerings across different key sectors such as real estate maritime fintech among many others said CEO of EFG Hermes Corp Solutions Talal Elayat The real estate sector in Egypt continues to be one of the most attractive and fast growing sectors and we plan to continue to offer our premium financing opportunities to real estate developers in order to add high quality income generating assets to our portfolio 3 Sixty is a multi use project located on the Mohamed Bin Zayed Axis in New Cairo s Golden Square minutes away from the American University in Cairo and accessible from various areas across New Cairo The commercial development s service offerings encompass offices clinics and retail spaces with a total investment of EGP 4 billion spanning a total build up area of 153 642 sqm Eng Amr Sultan CEO of LMD commented It gives us great honor to sign this tie up through which our clients can acquire their administrative commercial and medical units in 3 Sixty with relative ease Our partnership with EFG Hermes Corp Solutions will ensure fast paced construction and on time delivery To truly make 3 Sixty a business and leisure park we also partnered with the globally renowned collaborative design firm Gensler for the park s master plan as well as JLL as the project s Retail Consultant and Tenant Mix to ensure the best quality like we always sought out at LMD We will continue partnering with the best This collaboration with LMD marks the third in several agreements by EFG Hermes Corp Solutions in the real estate industry These agreements form part of the company s strategy to partner with key players across vital industries to help them meet their rapidly increasing financing needs EFG Hermes Corp Solutions was established in 2020 under EFG Hermes Holding s Non Bank Financial Institutions NBFI platform to consolidate its factoring and leasing businesses founded in 2015 and 2018 respectively as well as providing businesses of all sizes with leverage to grow and develop their business ventures Established in 2007 LMD is among the nation s few real estate companies with a portfolio expanding beyond the Egyptian borders It penetrated markets in Dubai and Barcelona with a total of 5 000 units covering 6 2 million sqm including its Egyptian residential hospitality administrative and commercial ventures in Cairo Through providing a project with business leisure and premium health care such as 3 Sixty and with its prime location LMD sets new standards for all inclusivity and offers a superior quality to the Egyptian life 3 Sixty is set to be a great addition in the heart of the Golden Square in New Cairo nbsp
    EFG Hermes Corp-Solutions Signs EGP 600 Million Sale and Leaseback Agreement with LMD Visionary Real Estate Development Company
     EFG Hermes Corp Solutions a wholly owned subsidiary of EFG Hermes Holding and one of Egypt s leading leasing and factoring companies announced today that it has signed a sale and leaseback agreement amounting to EGP 600 million with LMD to finance its all in one leisure and business complex 3 Sixty The financing was split into two tranches equally the first of which was completed last January while the second transaction was concluded in early March The agreement will allow LMD to speed the construction of 3 Sixty business and leisure park enabling the company to achieve true competence deliver on its promises and continue to earn the trust of its stakeholders We are extremely delighted to collaborate with a world class real estate developer such as LMD and to provide it with the financing needed to complete its remarkable project 3 Sixty This new partnership is part of EFG Hermes Corp Solutions on going efforts to expand our service offerings across different key sectors such as real estate maritime fintech among many others said CEO of EFG Hermes Corp Solutions Talal Elayat The real estate sector in Egypt continues to be one of the most attractive and fast growing sectors and we plan to continue to offer our premium financing opportunities to real estate developers in order to add high quality income generating assets to our portfolio 3 Sixty is a multi use project located on the Mohamed Bin Zayed Axis in New Cairo s Golden Square minutes away from the American University in Cairo and accessible from various areas across New Cairo The commercial development s service offerings encompass offices clinics and retail spaces with a total investment of EGP 4 billion spanning a total build up area of 153 642 sqm Eng Amr Sultan CEO of LMD commented It gives us great honor to sign this tie up through which our clients can acquire their administrative commercial and medical units in 3 Sixty with relative ease Our partnership with EFG Hermes Corp Solutions will ensure fast paced construction and on time delivery To truly make 3 Sixty a business and leisure park we also partnered with the globally renowned collaborative design firm Gensler for the park s master plan as well as JLL as the project s Retail Consultant and Tenant Mix to ensure the best quality like we always sought out at LMD We will continue partnering with the best This collaboration with LMD marks the third in several agreements by EFG Hermes Corp Solutions in the real estate industry These agreements form part of the company s strategy to partner with key players across vital industries to help them meet their rapidly increasing financing needs EFG Hermes Corp Solutions was established in 2020 under EFG Hermes Holding s Non Bank Financial Institutions NBFI platform to consolidate its factoring and leasing businesses founded in 2015 and 2018 respectively as well as providing businesses of all sizes with leverage to grow and develop their business ventures Established in 2007 LMD is among the nation s few real estate companies with a portfolio expanding beyond the Egyptian borders It penetrated markets in Dubai and Barcelona with a total of 5 000 units covering 6 2 million sqm including its Egyptian residential hospitality administrative and commercial ventures in Cairo Through providing a project with business leisure and premium health care such as 3 Sixty and with its prime location LMD sets new standards for all inclusivity and offers a superior quality to the Egyptian life 3 Sixty is set to be a great addition in the heart of the Golden Square in New Cairo nbsp
    EFG Hermes Corp-Solutions Signs EGP 600 Million Sale and Leaseback Agreement with LMD Visionary Real Estate Development Company
    Business7 months ago

    EFG Hermes Corp-Solutions Signs EGP 600 Million Sale and Leaseback Agreement with LMD Visionary Real Estate Development Company

    EFG Hermes Corp-Solutions, a wholly-owned subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, announced today that it has signed a sale and leaseback agreement amounting to EGP 600 million with LMD to finance its all-in-one leisure and business complex 3’Sixty.The financing was split into two tranches equally, the first of which was completed last January while the second transaction was concluded in early March. The agreement will allow LMD to speed the construction of 3’Sixty business and leisure park, enabling the company to achieve true competence, deliver on its promises, and continue to earn the trust of its stakeholders.“We are extremely delighted to collaborate with a world-class real estate developer such as LMD and to provide it with the financing needed to complete its remarkable project- 3’Sixty. This new partnership is part of EFG Hermes Corp-Solutions’ on-going efforts to expand our service offerings across different key sectors such as real estate, maritime, fintech, among many others,” said CEO of EFG Hermes Corp-Solutions Talal Elayat. “The real estate sector in Egypt continues to be one of the most attractive and fast-growing sectors and we plan to continue to offer our premium financing opportunities to real estate developers in order to add high-quality, income-generating assets to our portfolio.”3’Sixty is a multi-use project located on the Mohamed Bin Zayed Axis in New Cairo’s Golden Square, minutes away from the American University in Cairo and accessible from various areas across New Cairo. The commercial development’s service offerings encompass offices, clinics, and retail spaces with a total investment of EGP 4 billion, spanning a total build-up area of 153,642 sqm.Eng. Amr Sultan, CEO of LMD, commented: “It gives us great honor to sign this tie-up, through which our clients can acquire their administrative, commercial, and medical units in 3’Sixty with relative ease. Our partnership with EFG Hermes Corp-Solutions will ensure fast-paced construction and on-time delivery. To truly make 3’Sixty a business and leisure park, we also partnered with the globally renowned collaborative design firm, Gensler, for the park’s master plan, as well as JLL as the project’s Retail Consultant and Tenant Mix to ensure the best quality like we always sought out at LMD. We will continue partnering with the best.”This collaboration with LMD marks the third in several agreements by EFG Hermes Corp-Solutions in the real estate industry. These agreements form part of the company’s strategy to partner with key players across vital industries to help them meet their rapidly increasing financing needs.EFG Hermes Corp-Solutions was established in 2020 under EFG Hermes Holding’s Non-Bank Financial Institutions (NBFI) platform to consolidate its factoring and leasing businesses, founded in 2015 and 2018 respectively, as well as providing businesses of all sizes with leverage to grow and develop their business ventures.Established in 2007, LMD is among the nation’s few real estate companies with a portfolio expanding beyond the Egyptian borders. It penetrated markets in Dubai and Barcelona with a total of 5,000 units covering 6.2 million sqm, including its Egyptian residential, hospitality, administrative and commercial ventures in Cairo. Through providing a project with business, leisure, and premium health care such as 3’Sixty and with its prime location, LMD sets new standards for all-inclusivity and offers a superior quality to the Egyptian life. 3’Sixty is set to be a great addition in the heart of the Golden Square in New Cairo.