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arab fund for economic and social development wikipedia jump to content main menu main menu move to sidebar hide navigation main page contents current events random article about wikipedia contact us contribute help learn to edit community portal recent changes upload file special pages search search appearance donate create account log in personal tools donate create account log in contents move to sidebar hide top 1 afesd purpose 2 governance toggle governance subsection 2 1 about mr bader m alsaad 3 external links toggle the table of contents arab fund for economic and social development 6 languages العربية español français 한국어 português türkçe edit links article talk english read edit view history tools tools move to sidebar hide actions read edit view history general what links here related changes upload file permanent link page information cite this page get shortened url switch to legacy parser print export download as pdf printable version in other projects wikidata item appearance move to sidebar hide from wikipedia the free encyclopedia development finance institution arab fund for economic and social development emblem map indicating members of the arab league headquarters kuwait official languages arabic type development finance institution of the arab league membership 21 states 1 algeria bahrain djibouti egypt iraq jordan kuwait lebanon libya mauritania morocco oman palestine qatar saudi arabia somalia sudan syria tunisia uae yemen leaders chairman abdulatif y al hamad establishment agreement 16 may 1968 first meeting 6 february 1972 part of a series on the arab world political issues arab winter syrian civil war somali civil war western sahara conflict arab israeli conflict pan arabism weapons of mass destruction egypt iraq libya syria geography middle east and north africa regions maghreb nile valley mashriq south arabia tihamah yemen hadhramaut eastern arabia hijaz najd bab el mandeb deserts sahara arabian ad dahna governance founding charter human rights charter secretary general ahmed aboul gheit institutions council summits parliament unity arab leaders king salman king abdullah fattah el sisi ideology arab nationalism nasserism arab socialism ba athism third international theory islamism sunni islam anti iranian sentiment anti shi ism antisemitism anti zionism attempts at political union arab federation arab islamic republic federation of arab republics unified political command union of arab republics united arab kingdom united arab republic united arab states organizational unions cooperation council for the arab states of the gulf gcc arab maghreb union foreign relations multilateral african union asean european union latin america bilateral brazil china eritrea france india eritrea iran israel pakistan turkey united states uzbekistan venezuela military expenditure arab revolt joint defence joint defence council united arab command peninsula shield arab organization for industrialization aoi economy economic and social council council of arab economic unity caeu arab monetary fund arab fund for economic and social development afesd union for the mediterranean greater arab free trade area gafta chambers of commerce arab customs union international confederation of arab trade unions icatu federation of arab trade unions and labor societies fatuls qualifying industrial zone qiz transportation aviation railways berlin baghdad hejaz oncf palestine bridges dubai smile qatar bahrain causeway king fahd causeway sheikh rashid bin saeed crossing saudi egypt causeway bridge of the horns culture media arab sat nile sat arab media group arabian television network arab international media services al arabiya al jazeera arab capital of culture algiers 2007 jerusalem 2008 damascus 2009 doha 2010 arabic language cuisine art literature mu allaqat dress sport pan arab games arab champions league cup winners cup arabian gulf cup arab cup demographics religion muslims majority christians jews yazidis shabaks mandaeans hinduism ethnicities arabs arabization berbers kurds nubians somalis other arab diaspora lifestyles bedouin marsh arabs language arabic majority afar armenian berber hebrew kurdish nubian persian somali v t e the arab fund for economic and social development afesd arabic الصندوق العربي للإنماء الاقتصادي والاجتماعي is a kuwait based pan arab development finance institution all member states of the arab league are members of the afesd as of 2003 it held around us 7 3 billion in assets 2 the afesd was established by agreement of the economic and social council of the arab league its first meeting was held on 6 february 1972 the current chairman is bader m alsaad founding chairman is saeb n jaroudi 3 afesd purpose edit the arab fund for economic and social development afesd claims its main purpose is contribute to the financing of economic and social development projects in the arab countries arab fund for economic and social development 2024 4 they execute this through providing financing for development projects and providing loans to public and private institutions as well as encouraging investments in member states afesd also provides economic assistance through expert consultation in various projects 5 the afesd gives priority to arab countries in the distribution of loans which is one of their main strategies to economic development and promote cooperation for these arab nations the fund aims to achieve the best possible regulations of project implementation in order to promote a better approach to development afesd works closely with government and regulatory authorities in order to ensure proper implementation and supervision 6 the fund focuses on both private and public sector improvements with a priority to inter arab projects providing loans expertise and habilitating a means of communication between governments and concerned authorities governance edit afesd is operated by two main committees the board of governors the board of directors which has a chairman 7 these committees oversee the support services department the administrative affairs department the financial affairs department the operations department and the investment department all of which have many smaller units and sections chairman of board of directors and general manager 8 name country mr bader m alsaad kuwait about mr bader m alsaad edit mr bader m alsaad has been the chairman of the board of directors and the standing general manager he graduated from kuwait university with a bachelor s degree in accounting mr alsaad has an extensive history serving in leadership positions at financial institutions around the world he was previously the ceo of kuwait financial center markaz the leading investment firm in kuwait from 1997 2003 he has also previously served as a manager in the kuwait managing authority from december 2003 until april 2017 he has also held various positions at the bank of kuwait and the middle east he is also a founder and former chairman of international forum of sovereign wealth funds 8 mr bader m alsaad is also currently on the board of directors and on the executive committee in the kuwait investment authority supervisory board of daimler ag and daimler trucks he is on the global advisory council for the bank of america and is also notably on the board of directors for blackrock 8 members of board of directors 8 name mr fouzi lekjaa mr musallam mahad ali qatan ms mariam al amiri mr ahmed omar el ghanay ms ghadeer hegazi mr abderrahmane khiddi dr fahad ibrahim a alshathri mr waleed sh albahar members of the board of governors 8 name country dr gibril ibrahim mohammed republic of sudan mr laziz fayed people s democratic republic of algeria ms zeina toukan hashemite kingdom of jordan ms nadia fattah alaoui kingdom of morocco mr mohammed bin hadi al hussaini state of the united arab emirates sheikh salman bin khalifa al khalifa kingdom of bahrain mr ali bin ahmed al kuwari state of qatar mr mohammed bin abdullah al jadaan kingdom of saudi arabia mr samir abdelhafidh republic of tunisia dr khalid al mabrouk abdalla al mabrouk state of libya dr rania al mashat arab republic of egypt dr waed abdullah badhib republic of yemen mr nabil adnan al jisr republic of lebanon eng noora sulaiman salem al fassam state of kuwait mr sidi ahmed ould bouh the islamic republic of mauritania mr sultan bin salem bin saeed al habsi sultanate of oman dr wael zakout state of palestine mr ilyas moussa dawaleh republic of djibouti mr ibrahim muhammad abdel razzaq union of the comoros ms taif sami mohammed republic of iraq dr kanan yaghi syrian arab republic alternate governors 8 name country mr marwan al rifai hashemite kingdom of jordan mr ayman mohammed al sayari kingdom of saudi arabia mr ahmed kojak arab republic of egypt ms wazira mohammed ahmed al sharmani republic of yemen mr waleed s al bahar state of kuwait mr khaled mohamed balama state of the united arab emirates mr yousif abdulla humood kingdom of bahrain mr nasser qatami state of palestine mr fouzi lekjaa kingdom of morocco mr mohamed salem ould al nani the islamic republic of mauritania mr sadeq hweidi abbas republic of iraq member states arab fund for economic and social development retrieved 2010 08 11 arab fund for economic and social development terra viva grants 2022 10 11 retrieved 2025 06 28 arab fund for economic and social development and ifc enhance collaboration through co lending platform ifc retrieved 2025 06 28 arab fund for social and economic development purpose of the fund arabfund org retrieved october 16 2024 arab fund for economic and social development arab org december 6 2024 retrieved december 6 2024 the arab fund for economic and social development operational outcome the arab fund for economic and social development retrieved october 16 2024 home arab fund for economic and social development arab fund for economic and social development archived from the original on 2025 06 02 retrieved 2025 06 28 1 2 3 4 5 6 the arab fund for economic and social development organization and management the arab fund for economic and social development retrieved october 16 2024 external links edit arab fund for economic and social development afc com lb archived 2017 04 03 at the wayback machine untreaty un org un org authority control databases international isni viaf national united states czech republic israel other idref yale lux retrieved from https en wikipedia org w index php title arab_fund_for_economic_and_social_development oldid 1336673882 categories arab league economy of the arab league organizations established in 1972 hidden categories articles with short description short description is different from wikidata pages using infobox country or infobox former country with the symbol caption or type parameters webarchive template wayback links this page was last edited on 5 february 2026 at 02 52 utc page was rendered with parsoid text is available under the creative commons attribution sharealike 4 0 license additional terms may apply by using this site you agree to the terms of use and privacy policy wikipedia is a registered trademark of the wikimedia foundation inc a non profit organization privacy policy about wikipedia disclaimers contact wikipedia legal safety contacts code of conduct developers statistics cookie statement mobile view search search toggle the table of contents arab fund for economic and social development 6 languages add topic