It is a public open-end endowment fund, endowed for the benefit of King Faisal Specialist Hospital Foundation (Wareef Charity) and aiming to enhance the developmental role of private endowments by participating in supporting health care, and increasing and investing the fund endowed assets in order to achieve social solidarity and benefit both the endowment disbursement channels and the endowed asset.

The fund manager will work to invest the fund assets, which include cash, real estates, securities, and more, with a view to achieve capital return and distribute a specified return rate annually and continuously on the fund specified disbursement channels of health and medical services through Wareef Charity, where the charity is committed to spend the fund returns on the following health and medical fields:

• Providing and supporting specialized health and medical care.
• Supporting scientific and applied research in relation to medical and health fields.
• Supporting cultural and educational activities that can promote health awareness.
• Supporting the habilitation of specialized medical talents.
• Supporting disease prevention programs.
• Providing the support required for patients in need.