The board of directors of the Arab Investment Company (AIC) will hold here tomorrow a meeting under the chairmanship of Dr Mohammed bin Suleiman al-Jasser, the deputy governor of the Saudi Arabian Monetary Agency (sama) and chairman of AIC's board of directors. The board of directors will review the performance of the company in the first five months of 2006. The board of directors will also review the financial results of the company by the end of May 2006. The company's general assembly, which will hold a meeting on the same day with the participation of representatives of the Arab countries, will review the recommendations of the board of directors about distribution of profits and raising the company's licensed capital from $500 million to $600 million, and the paid capital from $450 million to $500 million. It is worth mentioning that the Riyadh-based company, established in1974, is owned by 17 Arab countries.
