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Provision of financial and technical assistance to Arab and other developing countries with focus on agriculture and irrigation, transport and telecommunications, energy, industry water treatment and sewage projects.
Date of Establishment
1961 (December)
No of Employees
450
Branches
Bahrain
Representative Offices
Lebanon
Key Officers
Dr Sheikh Mohammed Sabah Al Salim Al Sabah Chairman
The Fund was originally established to provide financial and technical assistance to Arab countries. In 1974, the scope was extended to the rest of the developing world and the capital was increased to KD 1,000 million. In 1981, the capital was further increased to KD 2,000 million and the Fund's charter was amended to allow it to participate in the capital of other development institutions and corporate entities of a developmental nature.
The Fund achieves its objectives by making loans, extending grants, and contributing to the capital of development institutions. There are no sectorial limitations restricting its activities and the assistance is generally provided for specific projects undertaken by a wide range of entities, including central governments, public utilities, development institutions and mixed enterprises.
The Fund has administrative and financial independence, operating under the overall supervision of the Ministry of Finance.
Major Shareholders
Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages.»More Details
IFAD Special Programme for Sub-Saharan African Countries
Italy
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International Development Association
United States
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International Fund for Agricultural Development
Italy
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Representatives
Auditors
Ernst and Young Al Aiban Al Osaimi and Partners
Summary Financials
Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc.»More Details
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