UAE heads Meeting of AMF Board of Governors

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UAE heads Meeting of AMF Board of Governors

UAE heads Meeting of AMF Board of Governors

(Kuwait) – Obaid Humaid Al Tayer, Minister of State for Financial Affairs headed the 38th Annual Meeting of the Board of Governors of the Arab Monetary Fund (AMF). This meeting was held alongside the annual meetings of Arab Financial Institutions, which are currently taking place in Kuwait.
The meeting’s agenda included a number of discussions which covered the AMF’s annual report, the consolidated financial statements and audited accounts for 2014, as well as an overview of the AMF’s 2015-2020 strategic plan and corporate governance reports. In addition, the Fund appointed auditors for 2015.
The AMF’s headquarters are located in Abu Dhabi. Since its establishment, the Fund has provided 170 loans worth $7.6 billion US Dollars. 14 member states of the Fund have benefited from these loans. The net profit amounted to $112.1 million US Dollars in 2014.
(Courtesy WAM)