Prince Mohammad Bin Fahd University (PMU) has been awarded both multi-year and in perpetuity endowment funds for the development of specific areas of study. HRH Crown Prince Sultan has named the Endowed Chair for Energy & Environmental Studies at the College of Engineering. HRH Prince Naif Bin Abdulaziz, second Deputy Premier and Interior Minister, has named the Endowed Chair for Youth Development. Other endowed chairs have been named by the Saudi Arabian Oil Company (Saudi Aramco) in support of the College of Business and the College of Information Technology at PMU.