About AFESD
Purpose
- Funding Publicly owned projects through concessional loans.
- Funding private sector projects.
- Participating in Equity financing.
- Establishing and Managing Private Funds.
- Encouraging the utilization of private and public capital.
- Providing expertise to member states.
- Financing SMEs.
1968
22
Capital
KD Million
Authorized
4,000
Issued
3,000
Paid -in
2,903
Shareholders' Equity
4,061
- Loans & Equity
- Grants
- Payment procedures
Lending Terms for Green Projects
Rate(%) | Grace Period (Years) | Term (Years) | |
Low Income Countries | 2.0 | Up to 4 years (*) | 30 |
Other Countries | 2.5 | Up to 4 years (*) | 30 |
Lending Terms for Other Projects
Rate(%) | Grace Period (Years) | Term (Years) | |
Low Income Countries | 2.5 | Up to 4 years (*) | 30 |
Other Countries | 3.0 | Up to 4 years (*) | 30 |
Summary of Cumulative Operations (1974-Sept.2023)
Loans | |
No. of Loans | 712 |
No. of Projects | 604 |
No. of Benefiting Countries | 18 |
Amount (KD Million) | 11,239 |
Net Amount (KD Million) | 9,651 |
Withdrawn (KD Million) | 7,591 |
Re-paid (KD Million) | 4,198 |
Outstanding (KD Million) | 3,393 |
Lending Terms and Conditions
Summary of Cumulative Operations (1974-Sept.2023)
Loans | |
No. of Loans | 17 |
No. of Projects | 15 |
No. of Benefiting Countries | 7 |
Amount (KD Million) | 62.3 |
Net Amount (KD Million) | 49.4 |
Withdrawn (KD Million) | 47.6 |
Re-paid (KD Million) | 21.9 |
Outstanding (KD Million) | 25.7 |
Cases of Equity Participation (Companies) | 9 |
Amount of Equity Participation (KD Million) | 36.0 |
Contribution to Private Equity Fund (KD Million) | 1.7 |
Sector | KD Million |
Electricity & Energy | 3,422 |
Transportation & Telecommunication | 2,937 |
Agriculture, Irrigation & Rural Development | 1,505 |
Water and Sanitation | 1,525 |
Education, Health & Housing | 1,001 |
Industry & Mining | 518 |
Other Sectors | 299 |
Total | 11,208 |
Distribution of Grants Provided to Arab Countries (by Type of Activity)
Cumulative Grant Commitments (1974- Sept. 2023)
No. of Grants | Amount KD Million | Percent | |
Grants Provided to Arab Countries | 690 | 187 | 70 |
Grants Provided for Joint Arab Projects | 617 | 79 | 30% |
Total | 1307 | 266 | |
Urgent Program to Support the Palestinian People | 200 | ||
Program to Support the Resistance of Jerusalem | 30 | ||
Total | 230 | ||
Grand Total | 496 |
Distribution of Grants Provided for Joint Arab Projects (by Type of Activity)
As at 30/09/2023
SME Private Program (2011 – Sept. 2023)
Participating Arab Countries | 18 |
Capital Commitments | $ 1,310 Million |
Paid Capital by Arab Countries | $ 1,169 Million |
Paid Capital by Arab Fund | $ 100 Million |
Lending Terms
Interest Rate (%) | Repayment (Years) | Grace Period (Years) |
2-3 | 10 | 3 |
- Contribute to the financing of private sector projects on commercial and developmental basis, in accordance with the decisions of its Management Committee.
- Encourage the flow of private capital, both from within as well as from outside the Arab countries, to finance private sector projects in the Arab countries aimed at effectively contributing to their economic development.
- Attract funding for private sector projects in accordance with the principles, controls and standards set forth by the Management Committee.
- Help develop and strengthen the capacity of the private sector by providing suitable technical and advisory assistance.
SME Financed (2011 – Sept. 2023)
No. of Benefiting Countries | 12 |
No. of Benefiting Entities | 31 |
No. of Approved Loans | 55 |
No. of Cancelled Loans | 9 |
Net Number of Loans | 46 |
No. of Projects Financed | 116,937 |
Total Value of Approved Loans | $ 1,716 Million |
Total Value of Cancelled Loans | $ 314 Million |
Net Amount | $ 1,402 Million |
Cumulative Amount Withdrawn | $ 1,123 Million |
Cumulative Amounts Repaid – Principal | $ 526 Million |
Cumulative Amounts Repaid – Interest | $ 112 Million |
No. of Jobs Created | 537,836 |