Arab investment company holds meeting

The Board of Directors of Arab Investment Company held its regular meeting yesterday in Dubai under the chairmanship of the President of the Board of Directors of the Company, Engineer Yousef bin Ibrahim Al-Bassam, and in the presence of members of the Governing Council - the representatives of its member states. The Board discussed the reports on the performance of projects that contribute to the company's capital and reviewed in-depth the 36 projects, distributed in a balanced manner in the manufacturing, services and agricultural sectors in 13 Arab countries. The Board was reassured about the (operational) status of these projects, although affected by some (emerging) economic and political changes taking place in some countries in the Arab region. The Board also reviewed the report on the company's activities in financial services and banking that are being practiced through its subsidiary bank in the Kingdom of Bahrain, which works to mobilize financial resources from financial institutions in the region and engage in re-employment to serve the Arab economy, and to promote the company's ability to contribute to more projects. Finally, the Board was briefed on the Company's financial results, which showed a net profit of about $ 22 million by the end of the month of August.