The Arab Authority for Agricultural Investment and Development (AAAID) was established in 1976 with its legal entity as an independent financial agricultural investment institution, where twelve Arab states signed the legal documents of association. The Agreement of Establishment and the Statute came into force on March 22nd 1977, and the first meeting of the Board of Shareholders was held in Kuwait in the same year. Other 8 Arab states joined AAAID later, whereby the total number of shareholder states reached 20 states, as listed in the table of member states.

Capital:

The authorized capital of AAAID is 150 million Kuwaiti Dinars.The paid-up capital is about KD 100.3 million (equivalent to about US$ 364 million as at 1/1/2009).

The capital of AAAID is subscribed into by the governments of member countries. However, the partners of AAAID in investments (shareholding in companies) are both the public and private sectors in member countries.

Membership:

Every Arab country is eligible to join AAAID in accordance with the conditions specified by the Board of Shareholders.

Financial Year:

The financial year begins on the 1st of January and ends on the 31st of December of each year.