Saudi billionaire Prince Al-Walid bin Talal bin Abdulaziz, a nephew of King Fahd, has donated half a million dollars to a Massachusetts-based scholarship fund named after former United States President George Bush, the prince's Kingdom Holding company said on Tuesday.
Prince Walid "donated 500,000 dollars to the George Herbert Walker Bush Scholarship Fund, established by the Philips Academy in Andover, Massachusetts, " it said, cited by AFP.
The establishment of the fund was announced during the 60th reunion of the 1942 Class to honor Bush, who is one of its graduates, the company stated, adding that US President George W. Bush had commended contributors to the scholarship fund named after his father.
A statement said the donation was in the context of the Saudi tycoon's contributions to "programs aimed at facilitating better understanding with the West, especially at a time when misconceptions about Arabs and Muslims continue to loom there." (Albawaba.com)
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