The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA), held its fourth meeting for the year 2007, during the period from 12 to14 December 2007 in London.

The meeting was held under the Chairmanship of H.E. Mr. Ahmed Abdallah Al-Akeil, Chairman of the Board of Directors and in presence of H.E. Mr. Abdelaziz Khelef the Director General.

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During this meeting, the last for this year, H.E. Mr. Abdelaziz Khelef the Director General of BADEA presented to the Board for review a number of reports; at the fore front a report on the Bank’s activities and achievements through the period from November to December 2007. The Board also reviewed the financial report covering the activities of the Bank during the third quarter of the year and a report relating to the portfolio management performance for the same period.

Likewise, the Board of Directors reviewed the Bank’s administrative expenditure in 2007 and approved the administrative budget for 2008.