Islamic bank concludes meetings

The council of executive directors of the Islamic Development Bank on Monday night concluded the its current meetings in the Saudi city of Jeddah, under the chairmanship of the Bank's head, Ahmad Muhammad Ali.

During its meeting, the council adopted new aid dispersants estimated at US $590 million for the bank's member states and the Islamic communities in nonmember states (often referred to as Muslim communities in non-Muslim countries that are not members in the Organization of the Islamic Conference).

In a statement, the chairman of the bank said the council discussed a report on on the creating an Islamic establishment for promoting the private sector and reviewed topics pertaining to policies pursued by the bank, its plans and future inclinations.