Board Meeting 3/2012

The Board of Directors of the Arab Fund at its meeting No. 3 / 2012 held on 21/06/2012 agreed to extend the following loans:

#	Country	Loan Amount (KD Million)	Project
1	Egypt	44	Electrification of Benha - Zagazig - Ismailia- Port Said Railway Signaling System
2	Morocco	7	Provide Drinking Water to Tetouan Region

During the same meeting, the Board of Directors extended the following grants:

#	Beneficiary	Grant Amount (KD 000)	Purpose
1	Ministry of Economy and Finance – Morocco	100	Cover part of the cost of the Outreach and News Program planned by the National Fund for Social Backup Organizations in Morocco
2	Mauritania	100	Cover part of the cost of enhancing the capabilities of the Deposit and Development Fund
3	Ministry of Planning and International Cooperation - Yemen	$10 million	Contribute to the operations aimed at mitigating some of the effects of the incidents and disturbances witnessed by the country
4	Arab Thought Forum	30	Cover part of the cost of holding a conference titled “The Arab Future in Light of the Youth Movement”
5	Lebanon	300	Contribute to the construction of a center for the treatment and rehabilitation of drug addicts in Sidon and surrounding areas
6	Joint Initiative	$1 million	Contribute to a Joint Initiative, for a technical assistance mechanism to support infrastructure, which is executed and managed by the Islamic Development Bank, International Finance Corporation, and other financial institutions contributing to this Initiative