Date: 03 Mar, 2018
The Board of Directors of the Arab Authority for Agricultural Investment and Development held its first meeting for 2018 at the regional office in Dubai, United Arab Emirates on Thursday 1st of March 2018. The meetings were headed by His Excellency Mr. Mohammed Bin Obaid Al Mazrooei, President of AAAID and Chairman of the Board of Directors.
The agenda of the meeting discussed a number of important topics and decisions related to the Arab Authority’s investments. Some of these decisions included a recommendation to be presented at AAAID’s Board of Shareholders meeting on 10-11 April 2018, where KD 9.1 million was approved for the implementation of new projects and development programs following AAAID’s investment operations program. This is addition to the distribution of cash dividends to shareholders following profits achieved by the end of 2017. The Board also approved the Arab Authority’s contribution to the project of production of broiler chickens in the Kingdom of Bahrain and a slaughterhouse and cattle market project in Makkah.