The Board of Directors of AAAID held its 5th meeting for the year 2009 on 16-17 December, Cairo, Arab Republic of Egypt, Chaired by H.E. Mr. Ali Bin Saeed Al-Sharhan, president of AAAID.
At the beginning of the meeting, the Board welcomd H.E. Mr. Najah Kareem Abd, representative of the Republic of Iraq, succeeding H.E. Mr. Salah El-Dein Kazim Aziz, for whom the Board expressed thanks and great appreciation to his efforts during the period he was a member of the Board. The minutes of the 4th meeting of the Board were then ratified, and the Board took note of what have been implemented of its resolutions and recommendations pertaining to those minutes. The Board reviewed the production and financial performance of AAAID companies, the performance of the financing and lending activity for the last quarter of 2009, as well as the performance of the investment portfolios. The Board also reviewed the management memorandum on the administrative manual (organizational system) of AAAID and listened to the presentation delivered by the consultant in this regard.

In addition, the Board considered the general framework of the strategic plan guidelines and expressed its recognition of the determinants contained therein. The Board then decided to give members a sufficient time to study that subject and complete the elements of the plan in preparation for a full discussion in a separate meeting of the Board, to be convened in Dubai within a month from date, in order to take the appropriate decision .

In the light of the presented items and the objective discussions made regarding them, the Board adopted a series of important resolutions. Those resolutions included, among other decisions, renaming AAAID representatives in the boards of directors of some of the companies, approval of granting the Arab Sudanese Blue Nile Agricultural Company (Agadi) / Sudan an operational loan in the amount of about $12 million, approval of payment of AAAID share in the capital increase of the Arab Company for Crop Production / Sudan which amounts to $6,331,200, approval of the draft administrative budget of AAAID for the year 2010 in the limits of KD 5,476,000, in addition to some other decisions concerning administrative and internal matters.