The fund has a legal personality and administrative and financial independence. The board of directors set general objectives as a wide and continuous framework to develop the educational ability of the universities and diversify their financial resources in a way that benefit all their academic and practical programs in quantity and quality. The goals of the fund as stated by its board of directors are: 


  • Develop the higher education and increase the universities ability to perform its role that meets the requirements of development. 


  • Diversify the funding sources of universities and develop its mechanisms. 


  • increase the universities own resources and enabling universities to go forward in rationalizing and organizing the rewards. 


  • Invest funds efficiently and effectively to support the available financial resources of the universities. 


  • Benefit from the returns of the services provided by the universities and receive the contributions of the private sectors.