Chaired by H. E Mr. Ali Bin Saeed Al Sharhan, president of AAAID, the Board of Directors held its fourth meeting for the year 2009 on 1-2 October in Dubai - United Arab Emirates.
The Board was briefed the Board on the production and financial performance of AAAID companies, the performance of the financing and lending activity for the third quarter of 2009, as well as the performance of investment portfolios. The Board also took note of the reports on the field visits of H. E. the President of AAAID to a number of companies and authorities with relevance to its activities.
The Board has adopted a number of important resolutions, which included the establishment of a $40-million portfolio for revolving operational loans, with consideration of the possibility of providing alternatives to the credit lines with financial institutions, in addition to some other administrative and internal decisions.