Overview
What is Arab Fund For Economic And Social Development?
The Arab Fund for Economic and Social Development is a Kuwait-based nonprofit organization primarily dedicated to financing economic and social development in member states. With a mission to eliminate development constraints and foster economic integration among Arab countries, the organization extends loans for various infrastructure and productive purposes, such as transport, telecommunications, energy and electricity, water and sewage, industry and mining, and agriculture and rural development. Additionally, they provide technical assistance grants and support a fellowship program.
Official website here: www.arabfund.org
Is Arab Fund For Economic And Social Development legitimate?
Arab Fund For Economic And Social Development is a legitimate nonprofit organization registered as a 501(c)(4) entity. Arab Fund For Economic And Social Development submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $3,173,639
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,862,050
For more financial information, click here
Official website here: www.arabfund.org
What is the mission statement of Arab Fund For Economic And Social Development?
The Arab Fund for Economic and Social Development is a renowned organization dedicated to contributing to the economic and social development in Arab states. Its primary objective is to eliminate development constraints and foster economic integration among member countries. The organization strives to increase the absorptive capacity and achieve higher growth rates by providing technical assistance grants and support for various projects. The Arab Fund aims to foster cooperation among member nations, ultimately leading to sustainable development and improved living conditions for their populations.
Official website here: www.arabfund.org
Who is the CEO of Arab Fund For Economic And Social Development?
Mr Bader Ma Al Saad is the Principal Officer of Arab Fund For Economic And Social Development.
Official website here: www.arabfund.org
What is the revenue of Arab Fund For Economic And Social Development?
Arab Fund For Economic And Social Development's revenue in 2022 was $271,203,579.
Official website here: www.arabfund.org
Who are the executives of Arab Fund For Economic And Social Development and what are their salaries?
- Bader M A Al Saad (Chairman/Director General)
- Khalifa Adau (Financial Advisor)
- Abdlrahman Al-Humemedi (Director Of Administration)
- Mohamed Chebil Bedoui (Chief Disbs Loans & Grants)
- Mohammad A Al-Qatami (Director Of H.Q. Building)
- Methqal Mohammad Ali Sartawi (Chairman Consultant)
- Hasb El Rasoul Obeida (Legal Advisor)
- Soad Al-Atigi (Legal Advisor/Secretary)
- Mohamed Sabry Farahat (Senior Engineer Consultant)
- Mohamed Kowdan Mohamed (Head Of Loan Withdrawls)
- Osama Wannas (Engineer Consultant)
- Imed Ben Minaouer Liman (Head Studies & Research)
- Imad Yousef Abuhuwail (Director Finance Department)
- Youssef Abdelaziz Mohieldin (Head Prod.Proj&Social Dev)
- Mohammad A A Almershed (Head Of Public Relations)
- Khaled Meshari Ahmed Hamadah (Investment Officer)
- Basmah Abdullah Bouqammaz (Head Of Alternative Inv. Dept.)
- Said Mal Shinnawi (Director Finance Department)
- Tareq Mohamed Yousef Ben Khalifa (Director)
- Fahad Bin Ibrahim Al Shethri (Rector) [Trustee/Director]
- Muslim Bin Ali Cotton (Director)
- Jamal Khaznaji (Director)
- Majed Ali Omran (Director)
- Fouzi Lakjaa (Director)
- Ghadeer Hejazi (Director)
- Marwan Al Ghanim (Director)
Official website here: www.arabfund.org
Where can I find the form 990 for Arab Fund For Economic And Social Development?
The Arab Fund For Economic And Social Development’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.arabfund.org
Learn more at the official website: www.arabfund.org
Mission Statement of Arab Fund For Economic And Social Development
The Arab Fund for Economic and Social Development is a prominent organization dedicated to contributing to the financing of economic and social development in Arab states. With a primary focus on eliminating development constraints, this body seeks to increase the absorptive capacity and achieve higher rates of growth in its member countries. In doing so, it aims to foster economic integration and cooperation among these nations.
The Arab Fund for Economic and Social Development operates under the mission to support its member countries in their pursuit of sustainable development. It achieves this goal by providing technical assistance grants and supporting a fellowship program. Through these initiatives, the organization assists its members in overcoming economic and social challenges and working towards self-sufficiency. By promoting development and cooperation among its member states, the Arab Fund for Economic and Social Development plays a crucial role in shaping a prosperous and interconnected Arab community.
In summary, the Arab Fund for Economic and Social Development is a leading organization dedicated to advancing economic and social development in Arab states. Through the provision of technical assistance grants and a fellowship program, it helps its member countries eliminate development constraints and fosters economic integration and cooperation. This commitment to sustainable development is essential in creating a thriving and self-sufficient Arab community.
Impact
This information is meant to be a general summary of Arab Fund For Economic And Social Development. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Arab Fund For Economic And Social Development plays a crucial role in financing economic and social development initiatives in Arab states. By providing loans for infrastructure and productive purposes such as transport, telecommunications, energy, water, industry, agriculture, and rural development, the organization helps member countries address development constraints and achieve higher growth rates. Additionally, through technical assistance grants and fellowship programs, the Arab Fund supports capacity-building and fosters economic integration and cooperation among member countries. Its impact is evident in the tangible improvements in infrastructure, livelihoods, and economic growth witnessed in the Arab region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM PROGRAM LOANS
Revenue
$196,763,135
Organization Details
Founding Year
1968
Phone
0562963629
Principal Officer
Mr Bader Ma Al Saad
Website
www.arabfund.org
NTEE Category
Code: Q30 - International
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