2023-11-15T07:56:17-06:00 2022-12-31 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2022-01-01 980211642 ARAB FUND FOR ECONOMIC AND SOCIAL DEVELOPMENT % NICK TURNER ARAB 0562963629 PO BOX 21923 SAFAT 13080 KUWAIT CITY KU IMAD ABUHUWAIL DIR FIN AFFAIRS DEPT 3583122778 2023-11-15 true IMAD ABUHUWAIL 999009999 SAPNA P VASU P00545692 2673303000 2023-11-14 2 2022 2023-04-26 12:10:37Z MR BADER MA AL SAAD PO BOX 21923 SAFAT 13080 KUWAIT CITY KU 271203579 false X www.arabfund.org X 1968 KU TO CONTRIBUTE TO THE FINANCING OF ECONOMIC & SOCIAL DEVELOPMENT IN THE ARAB STATES. THE ORGANIZATION PROVIDES TECHNICAL ASSISTANCE GRANTS & SUPPORTS A FELLOWSHIP PRGRM. 8 8 0 0 -494190 0 0 0 226569681 196763135 204412656 68050240 1487856 6390204 432470193 271203579 0 0 0 0 20697636 19921632 0 0 0 11693205 7448478 32390841 27370110 400079352 243833469 13316207638 13113822041 234812366 230053878 13081395272 12883768163 X THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO CONTRIBUTE TO THE FINANCING OF ECONOMIC AND SOCIAL DEVELOPMENT IN THE ARAB STATES. THE ORGANIZATION SEEKS TO ASSIST MEMBER COUNTRIES IN ELIMINATING DEVELOPMENT CONSTRAINTS, INCREASING THE ABSORPTIVE CAPACITY AND ACHIEVING HIGHER RATES OF GROWTH, AND TO FOSTER ECONOMIC INTEGRATION AND COOPERATION AMONG MEMBER COUNTRIES. false false 20653558 0 203153339 THE ARAB FUND'S PRIMARY ACTIVITY IS EXTENDING LOANS FOR PURPOSES OF FINANCING ECONOMIC AND SOCIAL DEVELOPMENT IN MEMBER STATES. THE CATEGORIES OF INFRASTRUCTURE AND PRODUCTIVE PURPOSES FOR WHICH LOANS ARE EXTENDED ARE AS FOLLOWS: TRANSPORT, TELECOMMUNICATIONS, ENERGY AND ELECTRICITY, WATER AND SEWAGE, INDUSTRY AND MINING, AGRICULTURE AND RURAL DEVELOPMENT. 3688135 0 0 THE ARAB FUND PROVIDES TECHNICAL ASSISTANCE GRANTS TO MEMBER STATES AND INTERNATIONAL ORGANIZATIONS AND ENTERPRISES LOCATED IN MEMBER STATES TO ENHANCE DEVELOPMENT OBJECTIVES OF ARAB STATES AND THEIR INSTITUTIONAL SUPPORT. TECHNICAL ASSISTANCE GRANTS MADE BY THE ARAB FUND ARE PRIMARILY AWARDED FOR: FEASIBILITY STUDIES AND PROJECT PREPARATION, INSTITUTIONAL SUPPORT AND TRAINING, GENERAL STUDIES AND RESEARCH, SEMINARS AND CONFERENCES, EMERGENCY PROGRAMS. 245876 0 0 THE ARAB FUND FELLOWSHIPS PROGRAM WAS LAUNCHED IN DECEMBER 1987. THE PURPOSE OF THE PROGRAM IS TO PROVIDE ARAB PH.D. HOLDERS WHO HAVE EXCELLENT ACADEMIC TRACK RECORD WITH OPPORTUNITIES TO CONDUCT RESEARCH AND/OR LECTURE IN THE BEST UNIVERSITIES OF THE WORLD. THE PROGRAM IS ALSO EXPECTED TO BUILD BRIDGES BETWEEN ARAB AND FOREIGN UNIVERSITIES, WHICH WILL LEAD TO MUTUAL BENEFITS. 24587569 false false false false false false false true true false false true false true false true false false true true true true false false false false false false true false false false false false false false false false false false false false false false false true X 0 0 0 true true true EG BA KU UK false false false false false false X 8 8 false false false false true true true true true false false false false false true true true false X NICK TURNER 0562963629 12 ROUTE DES BARONNIES ARGELES BAGNERES FR 65200 X BADER M A AL SAAD CHAIRMAN/DIRECTOR GENERAL 40.0 0.0 X 479114 0 72826 KHALIFA ADAU FINANCIAL ADVISOR 35.0 0.0 X 303374 0 8383 ABDLRAHMAN AL-HUMEMEDI DIRECTOR OF ADMINISTRATION 35.0 0.0 X 289488 0 0 MOHAMED CHEBIL BEDOUI CHIEF DISBS LOANS & GRANTS 35.0 0.0 X 218036 0 8739 MOHAMMAD A AL-QATAMI DIRECTOR OF H.Q. BUILDING 35.0 0.0 X 220007 0 -380 METHQAL MOHAMMAD ALI SARTAWI CHAIRMAN CONSULTANT 35.0 0.0 X 219445 0 0 HASB EL RASOUL OBEIDA LEGAL ADVISOR 35.0 0.0 X 194923 0 22193 SOAD AL-ATIGI LEGAL ADVISOR/SECRETARY 35.0 0.0 X 211177 0 0 MOHAMED SABRY FARAHAT SENIOR ENGINEER CONSULTANT 35.0 0.0 X 199400 0 4072 MOHAMED KOWDAN MOHAMED HEAD OF LOAN WITHDRAWLS 35.0 0.0 X 175906 0 26500 OSAMA WANNAS ENGINEER CONSULTANT 35.0 0.0 X 198873 0 2576 IMED BEN MINAOUER LIMAN HEAD STUDIES & RESEARCH 35.0 0.0 X 190285 0 8034 IMAD YOUSEF ABUHUWAIL DIRECTOR FINANCE DEPARTMENT 35.0 0.0 X 162945 0 35368 YOUSSEF ABDELAZIZ MOHIELDIN HEAD PROD.PROJ&SOCIAL DEV 35.0 0.0 X 169658 0 4011 MOHAMMAD A A ALMERSHED HEAD OF PUBLIC RELATIONS 35.0 0.0 X 163500 0 1876 KHALED MESHARI AHMED HAMADAH INVESTMENT OFFICER 35.0 0.0 X 119118 0 40340 BASMAH ABDULLAH BOUQAMMAZ HEAD OF ALTERNATIVE INV. DEPT. 35.0 0.0 X 118473 0 22702 SAID MAL SHINNAWI DIRECTOR FINANCE DEPARTMENT 35.0 0.0 X 58619 0 4718 TAREQ MOHAMED YOUSEF BEN KHALIFA DIRECTOR 1.0 0.0 X 30000 0 30000 FAHAD BIN IBRAHIM AL SHETHRI RECTOR 1.0 0.0 X 42000 0 0 MUSLIM BIN ALI COTTON DIRECTOR 1.0 0.0 X 40000 0 0 JAMAL KHAZNAJI DIRECTOR 1.0 0.0 X 40000 0 0 MAJED ALI OMRAN DIRECTOR 1.0 0.0 X 30000 0 0 FOUZI LAKJAA DIRECTOR 1.0 0.0 X 30000 0 0 GHADEER HEJAZI DIRECTOR 1.0 0.0 X 30000 0 0 MARWAN AL GHANIM DIRECTOR 1.0 0.0 X 30000 0 0 3934341 0 291958 58 false true false MORGAN STANLEY INVESTMENT BANK 25 CABOT SQ CANARY WHARF FL 6 LONDON 0 UK E14 4QA PORTFOLIO MANAGEMENT 2189196 GULF INTERNATIONAL BANK - GIB 1 KNIGHTSBRIDGE LONDON 0 UK SW1X 7XS PORTFOLIO MANAGEMENT 1043350 AHLI UNITED BANK - AUB 35 PORTMAN SQUARE LONDON 0 UK W1H 6LR PORTFOLIO MANAGEMENT 681298 DEYAR UNITED TRADING CONTRACTING POBOX 3985 SAFAT 0 KU 13040 IT SYSTEMS UPGRADE 346008 BADA AL MULLA CO PO BOX 13002 SAFAT 0 KU 13002 BUILDING MAINTENANCE 267984 9 0 INCOME FROM PROGRAM LOANS 900099 196763135 196763135 196763135 20679120 -494190 21173310 0 0 0 0 0 0 0 47371120 47371120 47371120 47371120 0 0 0 0 0 0 0 0 0 ARAB TRADING FINANCE PROGRAM 900099 6390204 6390204 6390204 271203579 203153339 -494190 68544430 0 0 0 0 0 0 0 3173639 3173639 0 0 0 15862050 13958604 1903446 885943 779630 106313 0 0 0 0 81632 73469 8163 0 0 3598368 3238531 359837 0 0 682449 614204 68245 329796 296816 32980 0 13061 11755 1306 2027756 1824980 202776 0 52245 47021 5224 0 0 0 32653 29388 3265 OFFSITE STORAGE 48980 44082 4898 WRITE-OFF FIXED ASSETS 558681 474879 83802 OTHER EXPENSES 22857 20571 2286 27370110 24587569 2782541 0 47138370 117433469 0 0 0 0 0 0 20830 0 0 0 0 0 0 0 0 0 0 0 0 0 1736634155 1471213061 233992395 261746939 11022714499 11055134694 0 0 275707389 208293878 13316207638 13113822041 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 234812366 230053878 234812366 230053878 X 0 0 9591985452 9478344490 3489409820 3405423673 13081395272 12883768163 13316207638 13113822041 X 243833469 -271693062 -169767516 X false true X true false true 1259965692 -157613769 29811633 1072540290 false 56791675 0 -704680 2109309 53977686 36993942 18805066 91746 -900921 56791675 27344544 18662470 -18037 8995035 36993942 9215474 26507317 7683 8385930 27344544 19625507 8101942 -583862 17928113 9215474 1.00000 0.00000 0.00000 false false ARAB TRADE FINANCE PROGRAM 269260408 C LOANS RECEIVABLE - PROGRAM 10785874286 C 11055134694 0 APPROVED TECHNICAL ASSISTANCE 71000816 PROVISION FOR EMPLOYEE PENSION 45217959 ACCRUED EXPENSES 5195102 PROVISION FOR BLDG MAINTENANCE 3751837 AMOUNTS DUE TO PALESTINE 91121633 PROVISION FOR STAFF'S CHILDREN 1417143 BORROWING COUNTRIES 3376327 OTHER INSTITUTIONS 8973061 230053878 4875102 -271693061 8962952 -262730109 267605211 3598368 3598368 271203579 23777959 6217 6217 23771742 3598368 3598368 27370110 SCHEDULE D, PART IV, LINE 1B TRUST FUND ARRANGEMENT ASSETS MANAGED FOR THIRD PARTIES OR HELD IN TRUST OR IN A FIDUCIARY CAPACITY ARE NOT TREATED AS ASSETS OF THE FUND AND ACCORDINGLY ARE NOT INCLUDED IN THE FINANCIAL STATEMENTS. ASSETS MANAGED FOR THIRD PARTIES ARE COMMINGLED WITH THE ASSETS OF THE FUND AND ARE ALLOCATED RETURNS BASED ON THOSE EARNED BY THE FUND ON ITS INVESTMENTS. SCHEDULE D, PART V, LINE 4 THE ARAB FUND FOR ECONOMIC AND SOCIAL DEVELOPMENT MAKES TECHNICAL ASSISTANCE GRANTS TO VARIOUS MEMBER STATES AND ORGANIZATIONS THROUGHOUT THE YEAR. A GENERAL RESERVE IS BUILT UP OVER TIME FOR SUCH PURPOSE AND IS REPRESENTED ON THE BALANCE SHEET AS EQUITY. ONCE THE GRANTS ARE APPROVED, A PROVISION FOR TECHNICAL ASSISTANCE IS BOOKED (AS A LIABILITY) AND DISTRIBUTIONS ARE MADE. THE AMOUNTS DISBURSED AS GRANTS ARE NOT INCLUDED AS AN EXPENSE ON THE STATEMENT OF INCOME AND EXPENSE BUT ARE REPORTED AS PROPOSED DISTRIBUTIONS OF NET INCOME BASED ON THE PROVISION. THE ACTUAL DISBURSEMENTS PAID ARE REFLECTED IN THE CASH FLOW STATEMENT AND THE PROVISION IS ADJUSTED ACCORDINGLY. FOR THIS REASON GRANTS PAID ARE NOT REFLECTED IN PART IX OF FORM 990. HOWEVER, THE GRANTS DISBURSED FOR THE YEAR ARE REFLECTED IN SCHEDULE F, PART II. SCHEDULE D, PART XI, LINE 2D - OTHER RECONCILING ITEMS CURRENCY DIFFERENCE OF $9,172,245,TRUST FUND SHARE OF INCOME OF ($215,550) AND FEE ON LOAN EVALUATION OF $6,217 TOTALS TO $8,962,952. SCHEDULE D, PART XII, LINE 2D - OTHER RECONCILING ITEMS FEE ON LOAN EVALUATION OF $6,217 true Middle East and North Africa 1 225 Program Services EXTENDING LOANS 22990892 Middle East and North Africa 0 0 Program Services GRANTMAKING 4105517 Middle East and North Africa 0 0 Program Services FELLOWSHIPS PROGRAMS 273701 Middle East and North Africa 0 0 Investments 536916000 Europe (Including Iceland and Greenland) 0 5 Investments 692166000 Central America and the Caribbean 0 0 Investments 162639000 Sub-Saharan Africa 0 0 Investments 27209000 East Asia and the Pacific 0 0 Investments 124374000 North America 0 0 Investments 33944000 South America 0 0 Investments 2453000 South Asia 0 0 Investments 2546000 Middle East and North Africa 0 0 Grantmaking EXTENDING LOANS 652913107 Sub-Saharan Africa 0 0 Grantmaking EXTENDING LOANS 65581074 Middle East and North Africa 0 0 Grantmaking GRANTS PAID 36732929 Europe (Including Iceland and Greenland) 0 0 Grantmaking GRANTS PAID 433898 Sub-Saharan Africa 0 0 Grantmaking GRANTS PAID 1432667 Middle East and North Africa 0 0 Grantmaking GRANTS PAID 436065 1 230 1 230 2367146850 2367146850 Middle East and North Africa CORONA VIRUS URGENT NEEDS 15716 WIRETRANSFER N/A N/A Sub-Saharan Africa ELECTRICITY GENERATION 800407 WIRETRANSFER N/A N/A Middle East and North Africa CORONA VIRUS URGENT NEEDS 337029 WIRETRANSFER N/A N/A Middle East and North Africa ARAB INSTITUTE TRAIN & SUPPORT 367321 WIRETRANSFER N/A N/A Middle East and North Africa WASTE MANAGEMENT 48980 WIRETRANSFER N/A N/A Middle East and North Africa CANCER AWARNESS PROGRAM 135757 WIRETRANSFER N/A N/A Middle East and North Africa ICARDA PROJECT 11234 WIRETRANSFER N/A N/A Middle East and North Africa ICARDA PROJECT 489796 WIRETRANSFER N/A N/A Middle East and North Africa AGRICULTURAL PRODUCTION SYSTEMS 103859 WIRETRANSFER N/A N/A Middle East and North Africa ECONOMIC RESILIANCE REFUGEES 119048 WIRETRANSFER N/A N/A Middle East and North Africa ARAB YOUTH CONFERENCE 55410 WIRETRANSFER N/A N/A Middle East and North Africa CHILDREN REFUGEES JORDAN 1632653 WIRETRANSFER N/A N/A Europe ANNUAL CONFERENCE FINANCING 258799 WIRETRANSFER N/A N/A Middle East and North Africa EQUIPMENT FOR THE BLIND 489796 WIRETRANSFER N/A N/A Middle East and North Africa EMERGENCY PROGRAM REFUGEES 62579 WIRETRANSFER N/A N/A Middle East and North Africa DEPT NARCOTICS DEVELOPMENT 457143 WIRETRANSFER N/A N/A Middle East and North Africa CT SCANNER CANCER 326531 WIRETRANSFER N/A N/A Middle East and North Africa TECHNICAL SUPPORT 26408 WIRETRANSFER N/A N/A Middle East and North Africa WATER SUPPLY PROJECT 15734 WIRETRANSFER N/A N/A Middle East and North Africa RECONSTRUCTION NAHR AL-BARED 10449 WIRETRANSFER N/A N/A Europe EMERGENCY PROGRAM REFUGEES 32653 WIRETRANSFER N/A N/A Middle East and North Africa ARCHAEOLOGICAL MUSEUM 8779 WIRETRANSFER N/A N/A Middle East and North Africa RECONSTRUCTION BEIRUT PORT 979592 WIRETRANSFER N/A N/A Middle East and North Africa CONSTRUCTION AL-RAHMA 38184 WIRETRANSFER N/A N/A Middle East and North Africa SANAD ASSOC PALLIATIVE CARE 1396064 WIRETRANSFER N/A N/A Middle East and North Africa PATIENT ASSISTANCE 15301 WIRETRANSFER N/A N/A Sub-Saharan Africa ACTIVITIES SUPPORT 365896 WIRETRANSFER N/A N/A Middle East and North Africa ACCOUNTING SYSTEM SUPPORT 29746 WIRETRANSFER N/A N/A Middle East and North Africa CORONA VIRUS SUPPORT 202992 WIRETRANSFER N/A N/A Middle East and North Africa HIGHWAYS PROTECTION 142668 WIRETRANSFER N/A N/A Middle East and North Africa HIGHWAY STUDIES 71886 WIRETRANSFER N/A N/A Middle East and North Africa WATER STUDY TUNISIA 761982 WIRETRANSFER N/A N/A Middle East and North Africa CTR FOR EXPERIMENT SUPPORT 208672 WIRETRANSFER N/A N/A Middle East and North Africa HIGHWAY STUDY 134445 WIRETRANSFER N/A N/A Middle East and North Africa FOOD SECURITY PROGRAM 157530 WIRETRANSFER N/A N/A Middle East and North Africa NATL CANCER FORUM URGENT NEEDS 62205 WIRETRANSFER N/A N/A Middle East and North Africa CORONA VIRUS URGENT NEEDS 92848 WIRETRANSFER N/A N/A Sub-Saharan Africa QUED ZARGA BOUSALEM MOTORWAY 74085 WIRETRANSFER N/A N/A Sub-Saharan Africa INTERGRATED DEVELOPMENT 130612 WIRETRANSFER N/A N/A Sub-Saharan Africa REGIONAL & RURAL ROADS 32653 WIRETRANSFER N/A N/A Middle East and North Africa Upper Mellegue DAM 233635 WIRETRANSFER N/A N/A Middle East and North Africa REGIONAL & RURAL ROADS 98127 WIRETRANSFER N/A N/A Middle East and North Africa WATER CONVEYANCE FACILITIES 133887 WIRETRANSFER N/A N/A Sub-Saharan Africa BRIDGES & ROADS CONSTRUCTION 29014 WIRETRANSFER N/A N/A Middle East and North Africa TUNIS JELMA MOTORWAY 166785 WIRETRANSFER N/A N/A Europe EDUCATION SUPPORT 142446 WIRETRANSFER N/A N/A Middle East and North Africa INTERGRATED DEVELOPMENT 69740 WIRETRANSFER N/A N/A Middle East and North Africa CORONA VIRUS URGENT NEEDS 61206 WIRETRANSFER N/A N/A Middle East and North Africa LIVER DISEASE CENTER 86595 WIRETRANSFER N/A N/A Middle East and North Africa WATER SUPPLY 54980 WIRETRANSFER N/A N/A Middle East and North Africa WATERWAY DEVELOPMENT 324811 WIRETRANSFER N/A N/A Middle East and North Africa POWER GENERATING PROGRAM 94235 WIRETRANSFER N/A N/A Middle East and North Africa MODERNIZING SIGNAL SYSTEM 2979749 WIRETRANSFER N/A N/A Middle East and North Africa POWER GENERATING PROGRAM 1651925 WIRETRANSFER N/A N/A Middle East and North Africa POWER GENERATING PROGRAM 2810900 WIRETRANSFER N/A N/A Middle East and North Africa WASTE WATER FACILITIES 5958926 WIRETRANSFER N/A N/A Middle East and North Africa ELECTRIC TRASMISSION DEVELOPMENT 3726198 WIRETRANSFER N/A N/A Middle East and North Africa WATER SYSTEM 39599406 WIRETRANSFER N/A N/A Middle East and North Africa WATER SYSTEM 70654746 WIRETRANSFER N/A N/A Middle East and North Africa STORAGE SERVICES 1665812 WIRETRANSFER N/A N/A Middle East and North Africa SAYHUT NASHTOUN ROAD 4722576 WIRETRANSFER N/A N/A Middle East and North Africa RURAL ACCESS ROADS 9798811 WIRETRANSFER N/A N/A Middle East and North Africa WASTE WATER FACILITIES 8048264 WIRETRANSFER N/A N/A Middle East and North Africa WASTE WATER FACILITIES 140310 WIRETRANSFER N/A N/A Middle East and North Africa SANAA CITY INTERSECTION 1258165 WIRETRANSFER N/A N/A Middle East and North Africa RURAL ROADS DEVELOPMENT 13171791 WIRETRANSFER N/A N/A Middle East and North Africa FLOODS PROTECTION 9860578 WIRETRANSFER N/A N/A Middle East and North Africa SOCIAL FUND DEVELOPMENT 17609117 WIRETRANSFER N/A N/A Middle East and North Africa SANAA CITY INTERSECTION 2307631 WIRETRANSFER N/A N/A Middle East and North Africa SANAA CITY INFRASTRUCTURE 9795918 WIRETRANSFER N/A N/A Middle East and North Africa INTERCONNECT LEBANESE& SYRIAN ELECTRIC 365639 WIRETRANSFER N/A N/A Middle East and North Africa ADMINISTRATIVE REHABILITATION 1441799 WIRETRANSFER N/A N/A Middle East and North Africa WATER & WASTEWATER FACILITIES 466664 WIRETRANSFER N/A N/A Middle East and North Africa REHABILITATION INFRASTRUCTURE 546344 WIRETRANSFER N/A N/A Middle East and North Africa SYR EL-DANIA JBAB ELHOMR ROAD 69247 WIRETRANSFER N/A N/A Sub-Saharan Africa WASTE WATER FACILITIES 7085176 WIRETRANSFER N/A N/A Sub-Saharan Africa WATER TRANSPORT 8229 WIRETRANSFER N/A N/A Sub-Saharan Africa WATER SUPPLY 6450472 WIRETRANSFER N/A N/A Sub-Saharan Africa WATER SUPPLY 7905593 WIRETRANSFER N/A N/A Sub-Saharan Africa HIGH SPEED TRAIN 114475 WIRETRANSFER N/A N/A Sub-Saharan Africa WATER SUPPLY 188411 WIRETRANSFER N/A N/A Sub-Saharan Africa WATER IRRIGATION 10947513 WIRETRANSFER N/A N/A Sub-Saharan Africa WATER SUPPLY 4888353 WIRETRANSFER N/A N/A Sub-Saharan Africa NADOR WEST MED PORT 15643223 WIRETRANSFER N/A N/A Sub-Saharan Africa HIGH SPEED TRAIN 317260 WIRETRANSFER N/A N/A Sub-Saharan Africa WATER SUPPLY 4832653 WIRETRANSFER N/A N/A Sub-Saharan Africa WATER DISTRIBUTION 225473 WIRETRANSFER N/A N/A Sub-Saharan Africa WATER & ELECTRIC SUPPLY 6370824 WIRETRANSFER N/A N/A Sub-Saharan Africa WATER DISTRIBUTION 603419 WIRETRANSFER N/A N/A Middle East and North Africa WATER SUPPLY 9872927 WIRETRANSFER N/A N/A Middle East and North Africa NEMA BALI BORDER ROAD 7346390 WIRETRANSFER N/A N/A Middle East and North Africa SOLAR POWER STATION 25480898 WIRETRANSFER N/A N/A Middle East and North Africa ELECTRICITY DISTRIBUTION 4962599 WIRETRANSFER N/A N/A Middle East and North Africa ELECTRICAL CONNECTION 7767938 WIRETRANSFER N/A N/A Middle East and North Africa WIND FARM CONSTRUCTION 37760594 WIRETRANSFER N/A N/A Middle East and North Africa WATER SUPPLY 14206619 WIRETRANSFER N/A N/A Middle East and North Africa ELECTRICAL CONNECTION 64247370 WIRETRANSFER N/A N/A Middle East and North Africa BOUTLIMIT ALEG ROAD CONSTRUCTION 15983011 WIRETRANSFER N/A N/A Middle East and North Africa DRINKING WATER DEVELOPMENT 9795886 WIRETRANSFER N/A N/A Middle East and North Africa OASES DEVELOPMENT 21323566 WIRETRANSFER N/A N/A Middle East and North Africa Tidjikja - Kiffa - Selibabi - Mali ROAD 45894560 WIRETRANSFER N/A N/A Middle East and North Africa WATER SUPPLY 75995687 WIRETRANSFER N/A N/A Middle East and North Africa MAIN ROADS DEVELOPMENT 21345636 WIRETRANSFER N/A N/A Middle East and North Africa WATER SUPPLY 10343115 WIRETRANSFER N/A N/A Middle East and North Africa WATER TRANSMISSION 15953531 WIRETRANSFER N/A N/A Middle East and North Africa WATER TRANSMISSION 3265306 WIRETRANSFER N/A N/A Middle East and North Africa HOUSING PROGRAM 3265306 WIRETRANSFER N/A N/A Middle East and North Africa CORONA VIRUS URGENT NEEDS 7135540 WIRETRANSFER N/A N/A Middle East and North Africa DJIBOUTI SOCIAL HOUSING 3474877 WIRETRANSFER N/A N/A Middle East and North Africa DRINKING WATER DEVELOPMENT 7771863 WIRETRANSFER N/A N/A Middle East and North Africa ELECTRICITY GENERATION 10201293 WIRETRANSFER N/A N/A Middle East and North Africa URG PRGRM SUP 88101 WIRETRANSFER N/A N/A Middle East and North Africa 1200082 WIRETRANSFER N/A N/A Middle East and North Africa WASTE MANAGEMENT 12547409 WIRETRANSFER N/A N/A Middle East and North Africa 759935 WIRETRANSFER N/A N/A Middle East and North Africa 647197 WIRETRANSFER N/A N/A Middle East and North Africa 655680 WIRETRANSFER N/A N/A Middle East and North Africa 460261 WIRETRANSFER N/A N/A Middle East and North Africa 126256 WIRETRANSFER N/A N/A Middle East and North Africa 4296434 WIRETRANSFER N/A N/A Middle East and North Africa 86723 WIRETRANSFER N/A N/A Middle East and North Africa 26396735 WIRETRANSFER N/A N/A 1 118 PHD SCHOLARSHIPS Middle East and North Africa 21 436065 WIRETRANSFER N/A N/A false false true false true true SCHEDULE F, PART I, LINE 2 PROCEDURES FOR MONITORING GRANTS OUTSIDE THE UNITED STATES: THE AIM OF GRANTS IS TO PROVIDE INSTITUTIONAL SUPPORT TO MEMBER STATES TO ENHANCE THE EFFICIENCY OF PROJECT PREPARATION INCLUDING IMPLEMENTATION AND CONDUCTING TECHNICAL AND FEASIBILITY PROJECT STUDIES AND RESEARCH AND OTHER ACTIVITIES RELATED TO ECONOMIC AND SOCIAL DEVELOPMENT. OFTEN, BUT NOT ALWAYS, THIS WILL LEAD TO THE FINANCING OF A PROJECT. GRANTS MUST BE APPROVED BY THE BOARD OF DIRECTORS AND BECOME EFFECTIVE WHEN SIGNED BY THE FUND AND THE BENEFICIARY ORGANIZATION IN THE FORM OF A LETTER OF UNDERSTANDING STATING THE IMPLEMENTATION PROCEDURES OF THE ACTIVITY TO BE FINANCED AND THE DISBURSEMENT SCHEDULE. FUNDS ARE TYPICALLY DISBURSED IN STAGES BY THE FINANCE DEPARTMENT. IF ANY ISSUES ARISE THESE ARE INVESTIGATED BY TECHNICAL STAFF. SECONDLY, THE EXECUTING AGENCY PROVIDES THE ARAB FUND WITH PERIODIC PROGRESS REPORTS THAT ADDRESS BOTH THE TECHNICAL AND FINANCIAL ASPECTS OF THE PROJECT. FIELD VISITS ARE ALSO MADE BY ARAB FUND STAFF TO THE BENEFICIARY WHENEVER THE NEED TO ADDRESS SPECIFIC ISSUES RELATED TO THE IMPLEMENTATION OF A PROJECT ARISES. AT THE COMPLETION OF THE PROJECT, THE EXECUTING AGENCY PROVIDES THE ARAB FUND WITH A FINAL REPORT THAT COVERS ALL ASPECTS OF THE PROJECT. PROCEDURES FOR MONITORING EXTENDING LOANS OUTSIDE THE UNITED STATES: THE PRINCIPAL PURPOSE OF THE ARAB FUND IS TO CONTRIBUTE TO THE FINANCING OF ECONOMIC AND SOCIAL DEVELOPMENT PROJECTS IN THE ARAB COUNTRIES. TO ATTAIN THIS PURPOSE, THE ARAB FUND PROVIDES FINANCING FOR ECONOMIC DEVELOPMENT PROJECTS BY EXTENDING LOANS, ON CONCESSIONARY TERMS, TO GOVERNMENTS AND PUBLIC CORPORATIONS AND ENTERPRISES OF MEMBER STATES, GIVING PREFERENCE TO PROJECTS WHICH ARE VITAL TO THE ARAB WORLD AND JOINT ARAB PROJECTS. THE PROJECT CYCLE IN THE ARAB FUND BEGINS WITH PROJECT FAMILIARIZATION AND RECEIPT OF A FINANCING REQUEST FROM THE GOVERNOR REPRESENTING THE COUNTRY REQUESTING THE LOAN, ALONG WITH A TECHNO-ECONOMIC FEASIBILITY STUDY FOR THE PROPOSED PROJECT. UNDER THE GUIDELINES OF THE ARAB FUND'S LENDING OPERATIONS, THE PROJECT UNDERGOES A DESK-REVIEW AND A FIELD-VISIT EVALUATION BY THE FUND'S TECHNICAL STAFF. IF THE PROJECT PROVES FEASIBLE, A LOAN AGREEMENT IS PREPARED, NEGOTIATIONS TAKE PLACE BETWEEN THE REPRESENTATIVES OF THE ARAB FUND AND THE REPRESENTATIVES OF THE COUNTRY CONCERNED, AND THE AGREEMENT IS INITIALIZED. THE LOAN COMMITTEE, COMPRISING OF REPRESENTATIVES FROM THE ARAB FUND AND AN EXPERT, CHOSEN BY THE GOVERNOR OF THE MEMBER STATE, PRESENTS THE DIRECTOR GENERAL WITH A REPORT ON THE TECHNICAL AND FINANCIAL FEASIBILITY, THE VIABILITY OF PROJECT AND THE PROPOSED FINANCING AND CONDITIONS. THE DIRECTOR GENERAL THEN PRESENTS A REPORT ON THE FINAL AGREEMENT THAT INCLUDES THE EVALUATION REPORT, THE LOAN COMMITTEE REPORT AND THE LOAN AGREEMENT TO THE BOARD OF DIRECTORS. AFTER THE BOARD OF DIRECTORS ACCEPTS THE PROJECT, THE FINAL SIGNING OF THE LOAN AGREEMENT TAKES PLACE BY THE DELEGATED REPRESENTATIVE OF THE BORROWER AND THE DIRECTOR GENERAL/CHAIRMAN OF THE BOARD OF DIRECTORS. THE BORROWER TAKES THE NECESSARY MEASURES TO RATIFY THE LOAN AGREEMENT LEGALLY, AND MEET OTHER REQUIRED CONDITIONS TO MAKE THE LOAN AGREEMENT EFFECTIVE. ONCE THIS IS ACHIEVED THE ARAB FUND INFORMS THE BORROWER THAT THE AGREEMENT IS EFFECTIVE, AND THAT THE LOAN CAN BE DRAWN DOWN, IN ACCORDANCE WITH THE FUND'S GUIDELINES. ARAB FUND'S TECHNICAL STAFF THEN SUPERVISES THE PROJECT IMPLEMENTATION, THROUGH WRITTEN REPORTS AND FIELD VISITS. SCHEDULE F, PART I, Line 3 COLUMN F - METHOD USED TO ACCOUNT FOR EXPENDITURES THE ACCOUNTING OF ALL EXPENDITURES IS CARRIED OUT ON A FULL ACCRUAL BASIS AND REPORTED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING AS CERTIFIED BY THE EXTERNAL AUDITORS. X X X X true true X X false false false false false false false false false BADER M A AL SAAD CHAIRMAN/DIRECTOR GENERAL 322379 0 0 0 156735 0 70377 0 2449 0 551940 0 0 0 ABDLRAHMAN AL-HUMEMEDI DIRECTOR OF ADMINISTRATION 206263 0 0 0 83225 0 0 0 0 0 289488 0 0 0 MOHAMMAD A AL-QATAMI DIRECTOR OF H.Q. BUILDING 162965 0 0 0 57042 0 0 0 -380 0 219627 0 0 0 KHALIFA ADAU FINANCIAL ADVISOR 189949 0 0 0 113425 0 0 0 8383 0 311757 0 0 0 IMAD YOUSEF ABUHUWAIL DIRECTOR FINANCE DEPARTMENT 98090 0 0 0 64855 0 0 0 35368 0 198313 0 0 0 MOHAMMAD A A ALMERSHED HEAD OF PUBLIC RELATIONS 110498 0 0 0 53002 0 0 0 1876 0 165376 0 0 0 MOHAMED CHEBIL BEDOUI CHIEF DISBS LOANS & GRANTS 130887 0 0 0 87149 0 0 0 8739 0 226775 0 0 0 KHALED MESHARI AHMED HAMADAH INVESTMENT OFFICER 83226 0 0 0 35892 0 12206 0 28134 0 159458 0 0 0 MOHAMED KOWDAN MOHAMED HEAD OF LOAN WITHDRAWLS 114691 0 0 0 61215 0 0 0 26500 0 202406 0 0 0 YOUSSEF ABDELAZIZ MOHIELDIN HEAD PROD.PROJ&SOCIAL DEV 111556 0 0 0 58102 0 0 0 4011 0 173669 0 0 0 IMED BEN MINAOUER LIMAN HEAD STUDIES & RESEARCH 102700 0 0 0 87585 0 0 0 8034 0 198319 0 0 0 METHQAL MOHAMMAD ALI SARTAWI CHAIRMAN CONSULTANT 168842 0 0 0 50603 0 0 0 0 0 219445 0 0 0 SOAD AL-ATIGI LEGAL ADVISOR/SECRETARY 148349 0 0 0 62828 0 0 0 0 0 211177 0 0 0 MOHAMED SABRY FARAHAT SENIOR ENGINEER CONSULTANT 137809 0 0 0 61591 0 0 0 4072 0 203472 0 0 0 OSAMA WANNAS ENGINEER CONSULTANT 139611 0 0 0 59262 0 0 0 2576 0 201449 0 0 0 HASB EL RASOUL OBEIDA LEGAL ADVISOR 142668 0 0 0 52255 0 0 0 22193 0 217116 0 0 0 SCHEDULE J, PART I, LINE 1A QUESTIONS REGARDING COMPENSATION FIRST CLASS TRAVEL: SENIOR OFFICERS TRAVEL FIRST CLASS. JUNIOR STAFF TRAVEL STEARAGE WITH UPGRADES TO THE NEXT LEVEL UP IF TRAVELING WITH SENIOR STAFF. TRAVEL FOR COMPANIONS: ALL EXPATRIATE STAFF ARE REIMBURSED THE ANNUAL COST OF ONE RETURN TRIP PER ANNUM TO THEIR NATIVE COUNTRY FOR THEM AND THEIR SPOUSES AND CHILDREN UNDER 21 YEARS OLD. HOUSING ALLOWANCE: FACTORED INTO THE SALARY CALCULATION FOR ALL STAFF IS AN AMOUNT, FIXED ACCORDING TO GRADE, TO CONTRIBUTE TOWARDS THE COST OF HOUSING AND TRANSPORT IN KUWAIT. PERSONAL SERVICES: THE DIRECTOR GENERAL HAS A DRIVER ASSIGNED TO HIM IN KUWAIT. ALL COMPENSATION REPORTED ON THE FORM 990 IS DERIVED FROM NON-US SOURCES. NONE OF THE DIRECTORS, OFFICERS OR HIGHEST PAID EMPLOYEES WORK IN OR TRAVEL TO THE UNITED STATES FOR ARAB FUND PURPOSES. FORM 990, HEADER BOX E AND PART VI, LINE 20 THE TELEPHONE NUMBER OF THE ORGANIZATION IS AN INTERNATIONAL NUMBER WITH COUNTRY CODE 33. FORM 990, PART V, LINE 2A NUMBER OF EMPLOYEES REPORTED ON FORM W-3 PER THE AUDITED FINANCIAL STATEMENTS, THE ORGANIZATION PER KUWAIT LAW RECOGNIZES 211 EMPLOYEES AS OF DECEMBER 31, 2022, OF WHICH NONE WERE REPORTED ON U.S. IRS FORM W-3 BY THE ORGANIZATION OR REPORTING AGENTS OF THE ORGANIZATION. FORM 990, PART VI, LINE 6 MEMBERS OF THE GOVERNING BODY THE MEMBERS OF THE ORGANIZATION INCLUDE 22 COUNTRIES THAT ARE MEMBERS OF THE LEAGUE OF ARAB STATES - ALGERIA, BAHRAIN, COMOROS, DJIBOUTI, EGYPT, IRAQ, JORDAN, KUWAIT, LEBANON, LIBYA, MAURITANIA, MOROCCO, OMAN, PALESTINE, QATAR, SAUDI ARABIA, SOMALIA**, SUDAN, SYRIA*, TUNISIA, UNITED ARAB EMIRATES, YEMEN. *MEMBERSHIP SUSPENDED BY REQUEST FROM THE LEAGUE OF ARAB STATES **MEMBERSHIP SUSPENDED PURSUANT TO THE BOARD OF GOVERNERS RESOLUTION IN 1993, EXTENDED ANNUALLY BY SUBSEQUENT RESOLUTIONS. FORM 990, PART VI, 7A ELECTION OF THE GOVERNING BODY THE ORGANIZATION IS GOVERNED AND MANAGED BY A BOARD OF GOVERNORS, THE DIRECTOR GENERAL AND CHAIRMAN OF THE BOARD OF DIRECTORS, AND THE STAFF AND COMMITTEES NECESSARY TO PERFORM THE DUTIES OF THE FUND AS SET OUT IN THE AGREEMENT ESTABLISHING THE ORGANIZATION. THE MEMBER COUNTRIES OF THE ORGANIZATION EACH NOMINATE A GOVERNOR AND AN ALTERNATE GOVERNOR TO THE BOARD OF GOVERNORS OF THE ORGANIZATION. THE BOARD OF GOVERNORS ACTS AS A GENERAL ASSEMBLY OVERSEEING POLICY AND THE ACHIEVEMENT OF THE PURPOSE OF THE ORGANIZATION AND MEETS AT LEAST ANNUALLY. THE BOARD OF GOVERNORS APPOINTS AND DELEGATES CERTAIN POWERS TO THE BOARD OF DIRECTORS. EACH GOVERNOR NOMINATES A DIRECTOR AND HIS ALTERNATE FROM WHICH THE BOARD OF GOVERNORS VOTES THE BOARD OF DIRECTORS. EACH GOVERNOR DELEGATES THE NUMBER OF VOTES HE REPRESENTS ON THE BOARD OF GOVERNORS TO A BOARD DIRECTOR. THE ALTERNATE DIRECTORS ASSIST THE DIRECTORS IN THEIR WORK, ATTEND ALL BOARD MEETINGS AND VOTE IN THE ABSENCE OF THE DIRECTOR THEY REPRESENT. THE BOARD OF DIRECTORS IS CHARGED BY THE BOARD OF GOVERNORS WITH SUPERVISING THE ACTIVITIES OF THE ORGANIZATION. THEY TYPICALLY MEET FOUR TIMES A YEAR. FOR THE PURPOSES OF THIS FORM 990 THE BOARD OF DIRECTORS IS CONSIDERED TO BE THE GOVERNING BODY OF THE ORGANIZATION. THE BOARD OF GOVERNORS APPOINTS A DIRECTOR GENERAL TO THE ORGANIZATION WHO CANNOT BE A GOVERNOR OR A DIRECTOR. THE DIRECTOR GENERAL SHALL PRESIDE OVER MEETINGS OF THE BOARD OF DIRECTORS BUT SHALL HAVE NO VOTE EXCEPT IN THE CASE OF AN EQUAL DIVISION. THE DIRECTOR GENERAL IS THE HEAD OF STAFF OF THE ORGANIZATION AND CARRIES OUT ALL BUSINESS OF THE ORGANIZATION UNDER THE SUPERVISION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, 7B DECISIONS OF THE GOVERNING BODY THE BOARD OF DIRECTORS AND THE DIRECTOR GENERAL ARE DELEGATED THEIR POWERS BY THE BOARD OF GOVERNORS. ANYTHING OUTSIDE THEIR SCOPE OF AUTHORITY NEEDS TO BE REFERRED TO THE BOARD OF GOVERNORS FOR THEIR APPROVAL. FORM 990, PART VI, LINE 11B REVIEW PROCESS FOR FORM 990 THE PROCESS OF REVIEWING THE FORM 990 IS SUBMISSION OF QUESTIONS ARISING DURING COMPILATION AND ULTIMATELY THE COMPLETED RETURN FOR REVIEW BY THE INVESTMENT OFFICER, DIRECTOR OF FINANCE AND DIRECTOR GENERAL. FORM 990, PART VI, LINE 12A CONFLICT OF INTEREST POLICY AS SET OUT IN THE ESTABLISHMENT AGREEMENT THE DIRECTOR GENERAL AND STAFF OWE THEIR DUTY TO THE FUND. IN THE COURSE OF CONDUCT OF BUSINESS THEY MUST NOT ALLOW THEMSELVES TO BE INFLUENCED BY ANY CONSIDERATIONS OTHER THAN THE INTEREST OF THE FUND AND THEY SHALL REMAIN IMPARTIAL IN THE DISCHARGE OF THEIR DUTIES. FORM 990, PART VI, LINE 15A COMPENSATION POLICY THE BOARD OF GOVERNORS DETERMINES THE REMUNERATION TO BE PAID TO THE MEMBERS OF THE BOARD OF DIRECTORS AND THEIR ALTERNATES AS WELL AS THE SALARY AND TERMS OF THE CONTRACT OF SERVICE OF THE DIRECTOR GENERAL/ CHAIRMAN OF THE BOARD OF DIRECTORS. REMUNERATION FOR ALL EMPLOYEES WAS LAST REVIEWED IN 2012. FORM 990, PART VI, LINE 15B COMPENSATION POLICY THE DIRECTOR GENERAL SHALL BE THE HEAD OF STAFF AND SHALL BE RESPONSIBLE FOR CONDUCTING ALL BUSINESS UNDER THE SUPERVISION OF THE BOARD OF DIRECTORS. HE SHALL APPLY TECHNICAL AND ADMINISTRATIVE REGULATIONS AND HAVE THE RIGHT TO APPOINT AND DISMISS EXPERTS AND STAFF IN ACCORDANCE WITH THE REGULATIONS. FORM 990, PART VI, LINE 19 DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION INFORMATION ON THE FUND IS AVAILABLE ON THE WEB AT WWW.ARABFUND.ORG. FORMS ARE AVAILABLE FOR PUBLIC INSPECTION AND UPON REQUEST - SEE PART VI LINE 20 FOR DETAILS. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS BOY NET ASSET CURRENCY TRANSLATION DIFFERENCE OF: ($162,316,088) ALLOCATED RESERVES: ($16,408,163) CURRENCY DIFFERENCE: $9,172,245 TRUST FUND SHARE OF INCOME: ($215,510) TOTAL LINE 9: ($169,767,516)