NonprofitsArab Fund For Economic And Social Development

Unclassified

Arab Fund For Economic And Social Development

KUWAIT

Total revenue

$420.4M

Total expenses

$30.8M

Net assets

$13.5B

Grants received

EIN

980211642

Tax year

2024

Mission

To contribute to the financing of economic & social development in the arab states. The organization provides technical assistance grants & supports a fellowship prgrm.

Programs

2 programs

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.

Expenses: $4.1M

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.

Expenses: $276K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$241.4M
Investment income$160.7M
Other revenue$18.3M
Total revenue$420.4M

Expenses

Grants paid
Salaries & benefits$20.1M
Fundraising
Other expenses$10.7M
Total expenses$30.8M
Total assets$13.8B
Net assets$13.5B

People

25 listed

NameRoleCompensation

BADER M A AL SAAD

CHAIRMAN/DIRECTOR GENERAL

Board

$514K

40 hrs/wk

MERZA HASAN

SENIOR ADVISOR

Board

$213K

35 hrs/wk

YOUSSEF ABDELAZIZ MOHIELDIN

HEAD PROD.PROJ&SOCIAL DEV

Board

$177K

35 hrs/wk

IMED BEN MINAOUER LIMAN

DIRECTOR OPERATION DEPT.

Board

$173K

35 hrs/wk

ABDULKAREEM AL SAEED

HEAD OF HQ BUILDING

Board

$169K

35 hrs/wk

MOHAMMAD A A ALMERSHED

DIRECTOR OF ADMINISTRATION

Board

$166K

35 hrs/wk

IMAD YOUSEF ABUHUWAIL

DIRECTOR FINANCE DEPARTMENT

Board

$164K

35 hrs/wk

ABDULLAH AL TAH

HEAD OF LEGAL

Board

$130K

35 hrs/wk

BASMAH A BOUQAMMAZ

HEAD ALTERNATIVE INVESTMENT

Board

$122K

35 hrs/wk

KHALED MESHARI AHAMADAH

INVESTMENT OFFICER

Board

$122K

35 hrs/wk

MAMDOUH AMIN

HEAD OF GENERAL ACCOUNTS SEC

Board

$104K

35 hrs/wk

FAHAD BIN IBRAHIM AL SHETHRI

DIRECTOR

Board

$45K

1 hrs/wk

MUSLIM BIN ALI COTTON

DIRECTOR

Board

$43K

1 hrs/wk

ABDULRAHMAN KEIDI

DIRECTOR

Board

$36K

1 hrs/wk

GHADEER HEJAZI

DIRECTOR

Board

$33K

1 hrs/wk

WALEED ALBAHAR

DIRECTOR

Board

$33K

1 hrs/wk

MARYAM AK AMEERI

DIRECTOR

Board

$33K

1 hrs/wk

FOUZI LAKJAA

DIRECTOR

Board

$30K

1 hrs/wk

TAREQ MOHAMED YOUSEF BEN KHAL

DIRECTOR (UNTIL AUGUST 2024)

Board

$27K

1 hrs/wk

AHMAD GANI

DIRECTOR

Board

$11K

1 hrs/wk

AVELINO DIAS

EXECUTIVE ADMINISTRATIVE

Staff

$961K

35 hrs/wk

EMAD AL ATTAR

SENIOR ENGINEER

Staff

$833K

35 hrs/wk

SAYED BASHEER

SENIOR ADMINISTRATIVE SPECIALI

Staff

$802K

35 hrs/wk

HATEM ABU LOGHOUD

SENIOR FINANCIAL ANALYST

Staff

$725K

35 hrs/wk

METHQAL M ALI SARTAWI

CHAIRMAN CONSULTANT

Staff

$234K

35 hrs/wk

Independent contractors

MORGAN STANLEY INVESTMENT BANK

PORTFOLIO MANAGEMENT

$3.1M

THE BOSTON CONSULTING GRP INTL INC

PORTFOLIO MANAGEMENT

$1.6M

GULF INTERNATIONAL BANK - GIB

PORTFOLIO MANAGEMENT

$1.3M

AL AHLEIA INSURANCE CO SAKP

PORTFOLIO MANAGEMENT

$908K

ALBOURNE PARTNERS LIMITED

PORTFOLIO MANAGEMENT

$721K

Details

EIN980211642
NTEE codeZ99
Subsection04
Ruling date2002-05
Formed1968
Employees0
Volunteers0
ARAB FUND FOR ECONOMIC AND SOCIAL DEVELOPMENT — Mission, Financials & Grants Received | Grantivo