The Board of Directors of AAAID held its first meeting for the year 2010 in the period 2-4 March 2010 in Khartoum/ Sudan. The meeting was chaired by H.E. Mr. Ali Bin Saeed Al-Sharhan, President of AAAID.
The meeting was started by a speech delivered by H.E. the President of AAAID, as this meeting was the first meeting of the Board to be held in Khartoum for over 9 years. Selection of Khartoum for this meeting came according to a suggestion by Mr. Al-Sharhan who is the new President for AAAID who took over the current presidency term since about a year. In his speech, the President affirmed that AAAID is the first investment pot at which the founders and shareholders of AAAID are looking for achieving food security in the Arab region. He stressed the vitality of providing additional financial support to AAAID to enable doubling its contribution to food security. He also emphasized the importance of AAAID projects in Sudan, pointing to the fact that the selection of Sudan by Arab leaders for the location of AAAID main office was based on the abundance of natural resources with which the Sudan is endowed, and that such resources qualify Sudan to play a vital role in boosting food security for the Arab nation. He stated that AAAID profits for the year 2009 amounted to about $48 million, compared to losses in 2008. (Full version of the speech – in Arabic).

	Speech in Arabic Video
	A press briefing was also held with H.E. the President of AAAID ( Press Briefing – video)

The resolutions adopted by the Board covered many issues, among the most important of which were: the agenda for the Board of Shareholders’ 34th meeting scheduled to be held in the period 7-8 April 2010 in Khartoum, approval of submitting recommendations to the Board of Shareholding for approval of AAAID investment program for the year 2010-2011, AAAID closing accounts for the financial year 2009, assigning auditors for AAAID accounts for the year 2010, and AAAID annual report for 2009. The resolutions adopted by the Board also included selection of a sample of a logo as a new AAAID logo, in addition to a number of resolutions pertaining to AAAID activities and internal affairs.