Arab Fund for Economic and Social Development
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.
Arab Fund for Economic and Social Development at a glance
- Total assets
- $13,785,447,168
- +2.0% vs 2023
- Revenue (2024)
- $420,366,824
- +49.7% vs 2023
- Net investment income (2024)
- $160,727,154
- +1728.5% vs 2023
- Expenses (2024)
- $30,770,978
- +5.5% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Arab Fund for Economic and Social Development funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $50–100K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $99K (2021) to $1.2M (2020). In 2021 it made 1 grant totaling $99K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| America Mideast Educational & Training Svcs Washington, DC | Waste Management | $99,190 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $13,785,447,168 | $420,366,824 | $30,770,978 | — | — | $160,727,154 |
| 2023 | $13,515,895,011 | $280,880,339 | $29,158,787 | — | — | $8,790,349 |
| 2022 | $13,113,822,041 | $271,203,579 | $27,370,110 | — | — | $68,050,240 |
| 2021 | $13,316,207,638 | $432,470,193 | $32,390,841 | $99,190 | 1 | $204,412,656 |
| 2020 | $12,941,375,330 | $213,225,594 | $33,594,987 | $1,161,488 | 2 | $52,592,479 |
About Arab Fund for Economic and Social Development
Based on IRS filings
Arab Fund for Economic and Social Development is a public charity. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.8B in total assets. Net investment income was $160.7M.
Leadership & Key People
Officers and directors from IRS filings
Arab Fund for Economic and Social Development is led by Bader M. A. Al Saad, Chairman & Director General on every filing since 2020; all 25 officers listed in 2024 are compensated.
Officers on the 2024 filing
Bader M. A. Al Saad
Chairman & Director General
On filings since 2020
40 hrs/week
$134K (2020) → $514K (2024)
Methqal M. Ali Sartawi
Chairman Consultant
On filings since 2021
35 hrs/week
$233K (2021) → $234K (2024)
Fahad Bin Ibrahim Al Shethri
Director
Director → Rector, 2022
Rector → Director, 2023
On filings since 2020
1 hr/week
$39K (2020) → $45K (2024)
Fouzi Lakjaa
Director
On filings since 2020
1 hr/week
$30K (2020) → $30K (2024)
Ghadeer Hejazi
Director
On filings since 2020
1 hr/week
$19K (2020) → $33K (2024)
Imed Ben Minaouer Liman
Director Operation Dept.
Head Studies & Research → Director of Technical Dept., 2023
Director of Technical Dept. → Director Operation Dept., 2024
On filings since 2021
35 hrs/week
$148K (2021) → $173K (2024)
Muslim Bin Ali Cotton
Director
On filings since 2021
1 hr/week
$20K (2021) → $43K (2024)
Imad Yousef Abuhuwail
Director Finance Department
On filings since 2022
35 hrs/week
$163K (2022) → $164K (2024)
Mohammad A. A. Almershed
Director of Administration
Head of Public Relations → Director of Administration, 2024
On filings since 2022
35 hrs/week
$164K (2022) → $166K (2024)
Maryam Ak Ameeri
Director
On filings since 2023
1 hr/week
$20K (2023) → $33K (2024)
Abdulrahman Keidi
Director
New on the 2024 filing
1 hr/week
$36K (2024)
Ahmad Gani
Director
New on the 2024 filing
1 hr/week
$11K (2024)
Tareq Mohamed Yousef Ben Khal
Director
New on the 2024 filing
1 hr/week
$27K (2024)
Waleed Albahar
Director
New on the 2024 filing
1 hr/week
$33K (2024)
Khaled Meshari Ahamadah
Investment Officer
On filings since 2021
35 hrs/week
$88K (2021) → $122K (2024)
Youssef Abdelaziz Mohieldin
Head Prod.proj & Social Development
On filings since 2021
35 hrs/week
$173K (2021) → $177K (2024)
Basmah A. Bouqammaz
Head Alternative Investment
Head of Alternative Inv. Dept. → Head Alternative Investment, 2024
On filings since 2022
35 hrs/week
$118K (2022) → $122K (2024)
Mamdouh Amin
Head of General Accounts Secretary
On filings since 2023
35 hrs/week
$97K (2023) → $104K (2024)
Abdulkareem Al Saeed
Head of Hq Building
New on the 2024 filing
35 hrs/week
$169K (2024)
Abdullah Al Tah
Head of Legal
New on the 2024 filing
35 hrs/week
$130K (2024)
Avelino Dias
Executive Administrative
New on the 2024 filing
35 hrs/week
$961K (2024)
Emad Al Attar
Senior Engineer
New on the 2024 filing
35 hrs/week
$833K (2024)
Hatem Abu Loghoud
Senior Financial Analyst
New on the 2024 filing
35 hrs/week
$725K (2024)
Merza Hasan
Senior Advisor
New on the 2024 filing
35 hrs/week
$213K (2024)
Sayed Basheer
Senior Administrative Speciali
New on the 2024 filing
35 hrs/week
$802K (2024)
Former officers (32)
- Former: Abdlrahman Al-Humemedi (2020–2023) — Director of Administration
- Former: Jamal Khaznaji (2020–2023) — Director
- Former: Mohamed Kowdan Mohamed (2020–2023) — Head of Loan Withdrawls
- Former: Mohammad A. Al-Qatami (2020–2023) — Director of H.q. Building
- Former: Soad Al-Atigi (2020–2023) — Legal Advisor & Secretary
- Former: Majed Ali Omran (2021–2023) — Director
- Former: Marwan Al Ghanim (2022–2023) — Director
- Former: Mohamed Sabry Farahat (2022–2023) — Senior Engineer Consultant
- Former: Tareq Mohamed Yousef Ben Khalifa (2022–2023) — Director
- Former: Hassab Al Rasoul Obeida (2023) — Legal Advisor · Filing note: Deceased
- Former: Samir Mohamad Al Kotob (2023) — Senior Engineer Consultant
- Former: Hasb El Rasoul Obeida (2020–2022) — Legal Advisor
- Former: Khalifa Adau (2020–2022) — Financial Advisor
- Former: Mohamed Chebil Bedoui (2020–2022) — Chief Disbs Loans & Grants
- Former: Said M. Al Shinnawi (2020–2022) — Director Finance Department
- Former: Osama Wannas (2021–2022) — Engineer Consultant
- Former: Abd-Elwahab Badr (2020–2021) — Director
- Former: Abdul Hamid M. Al-Zigalaie (2020–2021) — Economic Advisor
- Former: Ali Bin Mohamad Reda Bin Jaffar (2020–2021) — Director
- Former: Faud Fadhl Abbas (2020–2021) — Investment Officer
- Former: Mahmoud Ibrahim Abo Elyoun (2020–2021) — Economic Advisor
- Former: Mohamed M. Azzuz (2020–2021) — Director of Auditing
- Former: Othman Mohd Ali (2020–2021) — Director
- Former: Saeed Rashed Al Yateem (2020–2021) — Director
- Former: Tareq Alfares (2021) — Director
- Former: Tareq Mohamed Yousef (2021) — Director
- Former: Abdulatif Y. Al-Hamad (2020) — Chairman & Director General
- Former: Abdulbakr Mohamed Al Jafal (2020) — Director
- Former: Ahmed Osman Ali (2020) — Director of Technical Dept
- Former: Mahmoud El-Emam (2020) — It Chief
- Former: Mondher Gargouri (2020) — Economic Consultant
- Former: Shehab Al Deen Abdoulla (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $961K, to Avelino Dias (Executive Administrative). 25 officers or directors reported compensation on that filing.
Frequently asked questions about Arab Fund for Economic and Social Development
How large is Arab Fund for Economic and Social Development?
Arab Fund for Economic and Social Development reported $13.8B in total assets on its 2024 IRS Form 990. Its revenue that year was $420.4M.
Where does Arab Fund for Economic and Social Development operate?
Arab Fund for Economic and Social Development has awarded grants in District of Columbia, New York.
What is Arab Fund for Economic and Social Development's EIN?
Arab Fund for Economic and Social Development's EIN (Employer Identification Number) is 98-0211642. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 8, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- IRS filings on file for fiscal years 2020–2024
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