President: H.E. Mr. Ali Bin Saeed Alsharhan

The Arab Authority for Agricultural Investment and Development (AAAID) is a regional financial and investment institution established in 1977.

 

The main objectives of AAAID are to contribute in achieving food security in the Arab region, and in developing the agricultural resources of its member states through implementation of feasible and viable agricultural projects.

 

The activities of AAAID include investment in plant production, animal production, agricultural processing, agricultural services and marketing, as well as technology transfer.

 

The AAAID is a major shareholder of 25 productive agricultural companies and 5 companies under implementation, while some potential projects are currently being assessed for their feasibility.

20 Shareholder states as on 1/1/2009(Arranged according to the amounts of shareholdings, while the first 12 countries are founders):  Kingdom of Saudi Arabia, State of Kuwait, United Arab Emirates, Republic of the Sudan, Republic of Iraq, State of Qatar, Arab Republic of Egypt, People's Democratic Republic of Algeria, Kingdom of Morocco, Islamic Republic of Mauritania, Syrian Arab Republic, Republic of Somalia, Republic of Tunisia, Sultanate of Oman, Kingdom of Bahrain, Hashemite Kingdom of Jordan, Republic of Lebanon, State of Palestine, Republic of Yemen, Union of the Comoros.

 

Capital: Authorized Capital of AAAID is 150 million Kuwaiti dinars. Paid-in capital is about KD 100 million (about $364 million).

AAAID is represented by its Board of Shareholders, which is composed of the respective "Ministers of Finance" of the member states. The Board of Shareholders meets annually to review the previous year activities, and decide on future policies and strategies.

 

The Board of Directors is composed of nine members, of whom five are appointed by each of the five member countries having the largest number of shares. The remaining four are elected by the representatives of all other member countries.

 

The President is elected by the Board of Shareholders for a term of five years, which is renewable. As Chief Executive of the Authority and Chairman of the Board of Directors, the President conducts the current business of the Authority under the direction of the Board of Directors.

Annual Report (Arabic, English); AAAID Pamphlet; AAAID Affiliated Companies Pamphlet; Extension and Investment Bulletins; Journal of Agricultural Investment; AAAID newsletter (Quarterly).