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Approved Loans

03/12/2017

In its meeting No. 2/2017 held on 03/12/2017, the Special Account Management Committee approved the following loans:

  1. 15 million US Dollar loan for Albaraka in Morocco.
  2. 50 million US Dollar loan for the Government of Sultanate of Oman.

During the same meeting, the Special Account Management Committee approved the following grant:

  1. US Dollar250 thousand grant for the Credit and Development Company-(FATEN) in Palestine.

25/12/2016

In its meeting No. 3/2016 held on 25/12/2016, the Special Account Management Committee approved the following loan:

  1. 30 million US Dollar loan for Société Arabe Internationale de Banque (SAIB) in Egypt.

10/05/2016

In its meeting No. 2/2016 held on 10/05/2016, the Special Account Management Committee approved the following loans:

  1. 8 million US Dollar loan for AGFUND
  2. 50 million US Dollar loan for the Government of Sultanate of Oman, accompanied with a 500 thousand US Dollar grant for institutional support

During the same meeting, the Special Account Management Committee approved the following grant:

  1. 300 thousand US Dollar grant for Arab Planning Institute.

15/02/2016

In its meeting No. 1/2016 held on 15/02/2016, the Special Account Management Committee approved the following loan:

  1. 50 million US Dollar loan for Bahrain Development Bank in Bahrain.

14/12/2015

In its meeting No. 3/2015 held on 14/12/2015, the Special Account Management Committee approved the following loans:

  1. 50 million US Dollar loan for the Crédit Agricole in Morocco
  2. 50 million US Dollar loan for the National Bank of Kuwait – Egypt

During the same meeting, the Special Account Management Committee approved the following grant:

  1. US Dollar250 thousand grant for the Development and Employment Fund in Jordan.

14/06/2015

In its meeting No. 2/2015 held on 14/06/2015, the Special Account Management Committee approved the following loans:

  1. 50 million US Dollar loan for the Government of Morocco.
  2. 50 million US Dollar loan for the Government of Jordan.

03/03/2015

In its meeting No. 1/2015 held on 03/03/2015, the Special Account Management Committee approved the following loan:

  1. 50 million US Dollar loan for BMCE Bank in Morocco.

During the same meeting, the Special Account Management Committee approved the following grant:

  1. US Dollar 225 thousand grant for the Economic Development Fund of Djibouti.

25/12/2014

In its meeting No. 3/2014 held on 25/12/2014, the Special Account Management Committee approved the following loans:

  1. 50 million US Dollar loan for the National Bank of Egypt.
  2. 10 million US Dollar loan for the Credit and Development Company-(FATEN) in Palestine.

22/06/2014

In its meeting No. 2/2014 held on 22/06/2014, the Special Account Management Committee approved the following loans:

  1. 20 million US Dollar loan for the Economic Development Fund of Djibouti.
  2. 50 million US Dollar loan for Bahrain Development Bank in Bahrain.
  3. 50 million US Dollar loan for the Government of Sultanate of Oman.

06/03/2014

In its meeting No. 1/2014 held on 06/03/2014, the Special Account Management Committee approved the following:

  1. 30 million US Dollar loan for the Palestine Investment Fund.
  2. 50 million US Dollar loan for the Government of Tunisia.

22/12/2013

In its meeting No. 3/2013 held on 22/12/2013, the Special Account Management Committee approved the following:

  1. 50 million US Dollar loan for the Cooperative & Agricultural Credit Bank in Yemen.
  2. 50 million US Dollar loan for the Government of Mauritania.
  3. 20 million US Dollar loan for the Bank for Financing Small and Medium Enterprises in Tunisia.
  4. 50 million US Dollar loan for Oman Development Bank in Oman.

08/07/2013

In its meeting No. 2/2013 held on 08/07/2013, the Special Account Management Committee approved the following loans:

  1. 50 million US Dollar loan for the Government of Sudan and cancelled the previously approved loan of 20 million US Dollar for the Savings and Social Development Bank in Sudan.
  2. 50 million US Dollar loan for the Government of Jordan.

13/02/2013

In its meeting No. 1/2013 held on 13/02/2013, the Special Account Management Committee approved the following loans:

  1. 15 million US Dollar for the Small Enterprise Development Fund in Yemen for the financing of SMEs in the country.
  2. 8 million US Dollar for the Palestine for Credit And Development, “FATEN”, in Palestine for the financing of SMEs in country.

19/12/2012

In its meeting No. 3/2012 held on 19/12/2012, the Special Account Management Committee approved the following loans:

  1. 50 million US Dollar for the Social Fund for Development in Egypt for the financing of SMEs in the country.
  2. 20 million US Dollar for the Savings and Social Development Bank in Sudan for the financing of SMEs in country.

In addition to the above mentioned loans, the Management Committee took several decisions as follows:

  • Approved 2013 administrative budget
  • Approved some changes on the Standard Loan Agreement

07/06/2012

In its meeting No. 2/2012 held on 07/06/2012, the Special Account Management Committee approved the following loan:

  1. 10 million US Dollar loan for the Economic Development Fund of Djibouti for the financing of SMEs in the country.

06/03/2012

In its meeting No. 1/2012 held on 06/03/2012, the Special Account Management Committee approved the following loans:

  1. 50 million US Dollar for the People’s Bank of Morocco for the financing of SMEs in the country.
  2. 20 million US Dollar for the Deposit and Development Fund in Mauritania for the financing of SMEs in the country.

In addition to the above mentioned loans, the Management Committee took several decisions as follows:

  • Approved the Special Account activity report and its financial statements.
  • Approved the Financial Statements and the Independent Auditors report for the period from 18/01/2010 to 31/12/2011.
  • Approved the Standard Guarantee Agreement.
  • Approved the “Letter of Understanding” with member states.
  • Approved some changes on the Standard Loan Agreement.

26/12/2011

On 26/12/2011, The Special Account Management Committee approved the following loans:

  1. 30 million US Dollar for the Development and Employment Fund in Jordan for the financing of SMEs in the country.
  2. 30 million US Dollar for Bahrain Development Bank in Bahrain for the financing of SMEs in the country.
  3. 30 million US Dollar for the Bank of Financing of Small and Medium Enterprises in Tunisia for the financing of SMEs in the country.
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