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Arab Monetary Fund

The Arab Monetary Fund (AMF) is a regional Arab organization, a working sub-organization of the Arab League. It was founded 1976, and has been operational since 1977. History The first president and director of the Arab Monetary Fund, from 1977 to 1982, was Dr. Jawad Hashim. In 1982, the Arab Monetary Fund funded and supervised the launch of Investcorp. Nemir Kirdar was transferred from Chase, where he advised the AMF, to Abu Dhabi to develop the new fund. Omar Aggad was the first investor in this fund. Still in 1982, the AMF inaugurated the Arab Monetary Fund building in Abu Dhabi. In 1988, the AMF initiated civil actions against its former president Jawad Hashim to recover funds he embezzled (estimated $50 million) during his tenure. A 20-year long legal feud between the AMF and Jawad Hashim followed. In 1992, the AMF published its yearly Arab Economic Report in which the institution...

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wikidata.org 0 views · 2024-12-26 18:26:37

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