2025-11-17T06:54:55-06:00 2024-12-31 PwC US Tax LLP 655 NEW YORK AVE NW SUITE 1100 WASHINGTON DC 20001 990 2024-01-01 522340908 ARAB GULF PROGRAMME FOR DEVELOPMENT % NASSER AL KAHTANI ARAB 2128387380 C/O WOHABE LAW 515 MADISON AVE NEW YORK NY 10022 NASSER AL KAHTANI EXECUTIVE DIRECTOR 2128387380 2025-11-13 true true TRAVIS L PATTON P00369623 2024141000 2025-11-06 2024 2025-03-06 01:10:19Z NASSER AL KAHTANI C/O WOHABE LAW 515 MADISON NEW YORK NY 10022 233594690 false X AGFUND.ORG X 1981 SA SEE SCHEDULE O 10 9 0 3 3311 0 0 0 0 0 24466798 123685836 475365 638157 24942163 124323993 6990000 9445000 0 0 4146568 4650112 0 0 0 6487863 6391468 17624431 20486580 7317732 103837413 829757055 964711133 16516494 20260412 813240561 944450721 X SEE SCHEDULE O false false 700000 700000 0 MICROFINANCE BANKS-A VISION OF COMBATING POVERTY. PROVIDE SUPPORT FOR MICROFINANCE BANKS ASSISTING THE POOR IN DEVELOPING COUNTRIES. BY PROVIDING BANKING SERVICES TO MARGINALIZED SEGMENTS AROUND THE GLOBE, SPECIFICALLY WOMEN, YOUTH, RURAL COMMUNITIES, AND SMALL TO MEDIUM SIZED ENTERPRISES, AGFUND HAS BECOME THE FIRST ORGANIZATION IN ARAB COUNTRIES WORLD TO ESTABLISH MICROFINANCE INSTITUTIONS FOR THOSE WITHOUT SUCH FINANCIAL RESOURCES. AGFUND'S MICROFINANCE SERVICE OFFERINGS INCLUDE LOANS, SAVINGS, DEPOSITS, CURRENT ACCOUNTS, HEALTH AND COOPERATIVE INSURANCE, REMITTANCES, AND CURRENCY EXCHANGE. OVER TIME, AGFUND'S MICROFINANCE OPERATIONS HAVE EXPANDED TO INCLUDE A TECHNICAL SUPPORT UNIT, WHICH PROVIDES A MEANS FOR SHARING EXPERIENCES BETWEEN MICROFINANCING INSTITUTIONS TO IMPROVE, MAKE KNOWN, AND IMPROVE UPON BEST PRACTICES. 2361250 2361250 0 ARAB OPEN UNIVERSITY. IN STRATEGIC PARTNERSHIP WITH THE BRITISH OPEN UNIVERSITY, CREATION AND SUPPORT FOR THE ARAB OPEN UNIVERSITY, A NON-PROFIT INSTITUTION OF HIGHER EDUCATION, TO PROVIDE SOPHISTICATED HIGHER EDUCATION TO THE LARGEST POSSIBLE NUMBER OF ARAB STUDENTS WHILE CONTRIBUTING TO THE DEVELOPMENT OF PRACTICAL SOLUTIONS TO ISSUES OF CONCERN TO THE ARAB COMMUNITIES. SUCH ISSUES INVOLVE UNEMPLOYMENT, INCREASING DEMAND FOR HIGHER EDUCATION, HELPING THE POOR TO GET THEIR RIGHTS, AND INCREASING THE ROLE OF ARAB WOMEN IN DEVELOPMENT MOBILITY. 6383750 6383750 0 OTHER INITIATIVES. LEAD INITIATIVES FOCUSED ON EARLY CHILDHOOD DEVELOPMENT, WOMEN'S EMPOWERMENT, YOUTH EMPOWERMENT, AND THE PROMOTION OF A CIVIL SOCIETY. 9445000 false false false false false false false false false true true true false true false true false false true true true false false false false false true false true false false false false false false false false false false false false false true true true false true X 0 0 0 true true true UK SZ JA SA BA false false false false false false 10 9 false false false false false false false true true false false false false false true false false false X NASSER AL KAHTANI 2128387380 PRINCE SATTAM STREET RIYADH SA 11415 X NASSER BAKER AL KAHTANI EXEC. DIRECTOR/BOARD MEMBER 40.0 0.0 X X 559407 0 87000 MUNIRAH AL OTAIBI FINANCE & ADMIN DEPT. DIRECTOR 40.0 0.0 X 191894 0 23100 ZEINA AHMED SAFA ASSET MGMT UNITE DIRECTOR 40.0 0.0 X 175152 0 23100 MUHAMMED AL SALIM PROJECT DIRECTOR 40.0 0.0 X 172720 0 23100 DAREEN MAHROUS IT DIRECTOR 40.0 0.0 X 159797 0 23100 SALAH HASSAN ABDULLAH INTERNAL AUDIT DIRECTOR 40.0 0.0 X 124823 0 23164 NAWAF HASHIM AL SADEH BOARD MEMBER 1.0 0.0 X 26000 0 0 MOHSEN SALEH AL BAHLI BOARD MEMBER 1.0 0.0 X 26000 0 0 MOHAMMED AHMED AL-MAHROQI BOARD MEMBER 1.0 0.0 X 26000 0 0 ABDULMUHSEN SAAD A ALKHALAF BOARD MEMBER 1.0 0.0 X 20000 0 0 GHAZI A A E A ALMUTAWA BOARD MEMBER 1.0 0.0 X 20000 0 0 SALAMAH AL QUBAISI BOARD MEMBER (AS OF 05/24) 1.0 0.0 X 9000 0 0 KHALIFA ABDULLA A M ALQUBAISI BOARD MEMBER (THRU 05/24) 1.0 0.0 X 9000 0 0 PRINCE ABDULAZIZ BIN TALAL AI PRESIDENT/BOARD MEMBER 40.0 0.0 X X 0 0 0 ABULAZIZ ALRASHEED BOARD MEMBER 1.0 0.0 X 0 0 0 THAMER HOSSAIN ALFAILAKAWI BOARD MEMBER 1.0 0.0 X 0 0 0 1519793 0 202564 6 false true false BLACKSTONE CAPITAL PARTNERS X 345 PARK AVENUE NEW YORK NY 10154 INVESTMENT MGMT 160321 MR KHALID AL-SWEILEM C/O WOHABE LAW 515 MADISON AVE NEW YORK NY 10022 INVESTMENT MGMT 150700 MR RADI AL-HADDAD C/O WOHABE LAW 515 MADISON AVE NEW YORK NY 10022 INVESTMENT MGMT 150700 MR IMAD AL-NAQUIB C/O WOHABE LAW 515 MADISON AVE NEW YORK NE 10022 INVESTMENT MGMT 150700 MR NASSER ALKAHTANI C/O WOHABE LAW 515 MADISON AVE NEW YORK NE 10022 INVESTMENT MGMT 150700 12 0 0 98172617 3311 98169306 0 0 0 0 0 134783916 109270697 25513219 25513219 25513219 0 0 0 0 0 0 0 0 0 OTHER REVENUE 900099 638157 638157 638157 124323993 3311 124320682 2600000 2600000 0 6845000 6845000 0 997400 997400 0 1704966 1704966 240418 240418 1707328 1707328 0 0 56891 56891 103500 103500 0 0 2295971 2295971 192850 192850 0 550896 550896 126195 126195 0 64979 64979 311916 311916 0 67185 67185 0 0 176992 176992 21028 21028 PROJECT DEVELOP. IMPAIRMENT 1459539 0 1459539 0 AGFUND PROGRAM AWARD EXP. 724723 0 724723 0 COURSES AND SUBSCRIPTION 18016 0 18016 0 TRANSLATOR EXPENSES 2142 0 2142 0 218645 218645 20486580 9445000 11041580 0 X 11267822 816272 51324740 60744877 0 0 133709016 216211424 0 0 0 0 0 0 0 0 155955 187351 3301835 2794338 635643 507497 0 0 583655360 638694732 49008519 47548980 0 0 0 0 829757055 964711133 4616006 936403 11243479 15420499 0 0 0 0 0 0 0 0 250000 0 0 0 407009 3903510 16516494 20260412 X 0 0 813240561 944450721 0 0 813240561 944450721 829757055 964711133 103837413 27372747 X X false true X true false 0 0 0 297569 288079 9490 2174505 1813999 360506 829761 692260 137501 507497 ALTERNATIVE/HEDGE FUNDS 271633744 F EQUITY FUNDS 241982439 F BOND FUNDS 125078549 F 638694732 0 OTHER LIABILITIES 3903510 3903510 151696740 27372747 27372747 124323993 124323993 20486580 20486580 20486580 true Europe (Including Iceland and Greenland) 0 0 Investments 35037513 South Asia 0 0 Investments 50300041 Middle East and North Africa 2 31 Investments 6147323 Middle East and North Africa 0 0 Grantmaking 4495000 Europe (Including Iceland and Greenland) 0 0 Grantmaking 750000 Sub-Saharan Africa 0 0 Grantmaking 1300000 South America 0 0 Grantmaking 300000 Europe (Including Iceland and Greenland) 0 0 Investments 436122 Middle East and North Africa 0 0 Investments 885998 South Asia 0 0 Investments 16090 2 31 2 31 99668087 99668087 Middle East and North Africa PROG.SUPPORT 1000000 ACRRUAL N/A N/A Middle East and North Africa PROG.SUPPORT 500000 WIRE/EFT N/A N/A Europe (Including Iceland and Greenland) PROG.SUPPORT 300000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 300000 WIRE/EFT N/A N/A Sub-Saharan Africa PROG.SUPPORT 300000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 300000 WIRE/EFT N/A N/A Sub-Saharan Africa PROG.SUPPORT 300000 WIRE/EFT N/A N/A South America PROG.SUPPORT 300000 ACRRUAL N/A N/A Europe (Including Iceland and Greenland) PROG.SUPPORT 250000 ACRRUAL N/A N/A Middle East and North Africa PROG.SUPPORT 250000 WIRE/EFT N/A N/A Europe (Including Iceland and Greenland) PROG.SUPPORT 200000 WIRE/EFT N/A N/A Sub-Saharan Africa PROG.SUPPORT 200000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 200000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 200000 WIRE/EFT N/A N/A Sub-Saharan Africa PROG.SUPPORT 200000 WIRE/EFT N/A N/A Sub-Saharan Africa PROG.SUPPORT 200000 ACRRUAL N/A N/A Middle East and North Africa PROG.SUPPORT 200000 WIRE/EFT N/A N/A Sub-Saharan Africa PROG.SUPPORT 200000 ACRRUAL N/A N/A Sub-Saharan Africa PROG.SUPPORT 200000 ACRRUAL N/A N/A Middle East and North Africa PROG.SUPPORT 200000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 165000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 165000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 150000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 100000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 100000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 100000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 100000 ACRRUAL N/A N/A Middle East and North Africa PROG.SUPPORT 100000 WIRE/EFT N/A N/A Middle East and North Africa PROG.SUPPORT 65000 WIRE/EFT N/A N/A 29 0 false false false false false true FORM 990, SCHEDULE F, PART I, LINE 2 PROCEDURES FOR MONITORING GRANTS AGFUND AWARDS ANNUAL GRANTS TO INTERNATIONAL AND REGIONAL ORGANIZATIONS, NATIONAL NON-GOVERNMENTAL ORGANIZATIONS, MINISTRIES AND PUBLIC INSTITUTIONS, SOCIAL BUSINESS ENTERPRISES, AND INDIVIDUALS FOR PROJECTS THAT ADVANCE ITS MISSION. APPLICANTS FOR GRANTS MUST APPLY OR BE NOMINATED AND ARE SUBJECT TO EVALUATION DURING THE LIFESPAN OF THE PROJECT FOR EFFICIENCY AND EFFECTIVE USE OF GRANT FUNDS, SUSTAINABILITY OF BENEFITS AND SERVICES, AND FOR DESIRED ENVIRONMENTAL AND SOCIAL IMPACT. true UNITED NATIONS DEVELOPMENT PROGRAMME UNITED NATIONS PLAZA NEW YORK NY 10017 GOVT 1400000 N/A N/A PROG.SUPPORT THE UNIVERSITY OF CHICAGO 5801 S Ellis Ave CHICAGO IL 60637 362177139 501(C)(3) 650000 N/A N/A PROG.SUPPORT EDUCATION FOR EMPLOYMENT 1660 L ST NW SUITE 460 WASHINGTON DC 20036 820578781 501(C)(3) 200000 N/A N/A PROG.SUPPORT HELEN KELLER INTERNATIONAL One Dag Hammarskjold PZ NEW YORK NY 10017 135562162 501(C)(3) 200000 N/A N/A PROG.SUPPORT UNITED NATIONS CHILDREN'S FUND (UNICEF) 3 UNITED NATIONS PLAZA NEW YORK NY 10017 131760110 501(C)(3) 150000 N/A N/A PROG.SUPPORT 5 0 FORM 990, SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING GRANTS AGFUND AWARDS ANNUAL GRANTS TO DOMESTIC AND REGIONAL ORGANIZATIONS, NATIONAL NON-GOVERNMENTAL ORGANIZATIONS, MINISTRIES AND PUBLIC INSTITUTIONS, SOCIAL BUSINESS ENTERPRISES, AND INDIVIDUALS FOR PROJECTS THAT ADVANCE ITS MISSION. APPLICANTS FOR GRANTS MUST APPLY OR BE NOMINATED AND ARE SUBJECT TO EVALUATION DURING THE LIFESPAN OF THE PROJECT FOR EFFICIENCY AND EFFECTIVE USE OF GRANT FUNDS, SUSTAINABILITY OF BENEFITS AND SERVICES, AND FOR DESIRED ENVIRONMENTAL AND SOCIAL IMPACT. X X false true true false NASSER BAKER AL KAHTANI EXEC. DIRECTOR/BOARD MEMBER 378967 0 100000 0 80440 0 0 0 87000 0 646407 0 0 0 MUNIRAH AL OTAIBI FINANCE & ADMIN DEPT. DIRECTOR 164887 0 0 0 27007 0 0 0 23100 0 214994 0 0 0 DAREEN MAHROUS IT DIRECTOR 149287 0 0 0 10510 0 0 0 23100 0 182897 0 0 0 MUHAMMED AL SALIM PROJECT DIRECTOR 152420 0 0 0 20300 0 0 0 23100 0 195820 0 0 0 ZEINA AHMED SAFA ASSET MGMT UNITE DIRECTOR 150839 0 0 0 24313 0 0 0 23100 0 198252 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A INDIVIDUALS REPORTED IN SCHEDULE J, PART II RECEIVED FIRST CLASS TRAVEL AND HOTEL ACCOMODATIONS, AS WELL AS A HOUSING ALLOWANCE. FORM 990, SCHEDULE J, PART I, LINE 1B AGFUND DOES NOT HAVE A WRITTEN POLICY REGARDING REIMBURSEMENT FOR EXPENSES. THERE IS AN ANNUAL BOARD-APPROVED BUDGET FOR EXPENSES RELATED TO TRAVEL FOR BOARD MEETINGS. THE BOARD DELEGATES APPROVAL FOR PAYMENT OF REIMBURSEMENTS THAT FALL WITHIN THE APPROVED BUDGET TO THE CEO. FORM 990, SCHEDULE J, PART I, LINE 7 CERTAIN INDIVIDUALS LISTED IN PART VII RECEIVED NONFIXED INCENTIVE PAYMENTS DURING CALENDAR YEAR 2024 THAT ARE REPORTED IN SCHEDULE J, PART II, COLUMN B(II). FORM 990, PART I, LINE 1 & PART III, LINE 1 ORGANIZATION'S MISSION THE ARAB GULF PROGRAMME FOR DEVELOPMENT'S (AGFUND) MISSION ESTABLISHES THAT, THROUGH THE IMPLEMENTATION OF ITS PROGRAMS, IT WILL PROVIDE SUPPORT TO NEEDY GROUPS TO HELP FACILITATE THEIR FULL ACCESS TO BASIC AND UNDAMENTAL SOCIAL REQUIREMENTS, SUCH AS EDUCATION AND HEALTH CARE, UNDER THE UMBRELLA OF FAIR NATIONAL AND INTERNATIONAL LAWS THAT ESTABLISH AND PRESERVE SECURITY AND PEACE. FORM 990, PART VI, SECTION B, LINE 11B BOARD REVIEW OF FORM 990 A COMPLETE COPY OF THIS FORM 990 WAS NOT PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S GOVERNING BODY BEFORE FILING THE FORM. REPRESENTATIVES OF THE ORGANIZATION COORDINATED THE PREPARATION OF THIS FORM 990 WITH THE ASSISTANCE OF THE ORGANIZATION'S U.S. LEGAL COUNSEL AND ACCOUNTING FIRM. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC INSPECTION THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 1 THE FINANCIAL STATEMENTS HAVE BEEN PREPARED IN ACCORDANCE WITH THE INTERNATIONAL FINANCIAL REPORTING STANDARD FOR SMALL AND MEDIUM-SIZED ENTITIES ("IFRS FOR SME'S") AS ENDORSED IN SAUDI ARABIA AND OTHER STANDARDS AND PRONOUNCEMENTS ENDORSED BY THE SAUDI ORGANIZATION FOR CHARTERED AND PROFESSIONAL ACCOUNTANTS ("SOCPA"). THESE FINANCIAL STATEMENTS ARE PRESENTED IN UNITED STATES DOLLARS (USD), WHICH IS THE PRESENTATION AND FUNCTIONAL CURRENCY OF THE PROGRAMME. EXCEPT WHERE INDICATED, THE FINANCIAL INFORMATION PRESENTED IN USD HAS BEEN ROUNDED TO THE NEAREST USD. THE FINANCIAL STATEMENTS PROVIDE COMPARATIVE INFORMATION IN RESPECT OF THE PREVIOUS PERIODS. 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