Financial Status

ASAI expresses profound gratitude for the generous contributions from various sources, which have been instrumental in our organization’s success over the years. We extend our heartfelt appreciation to the late H.R.H. Prince Turki Ben Abdul Aziz Al-Saud, the government of South Korea, Brown Bovery (Pharmaceutical Co) in Switzerland, and all the esteemed businessmen in the Gulf Countries, particularly Kuwait, Saudi Arabia, and the UAE.

Without the unwavering support of these contributors, ASAI would not have achieved its remarkable progress and impact.

Sources of Finance:

ASAI relies on the following sources to finance its programs and projects:

  • Returns from endowment/investment funds
  • Loan repayments by graduates who received interest-free loans
  • Unconditional gifts and grants, including funds in trust, deeds, stocks and bonds certificates, and lifetime inheritance gifts dedicated to education
  • Contributions from individuals, institutions, banks, and waqf
  • Contributions are tax-exempt and are accepted in accordance with our policy
  • Grants from the Arab Fund for Social and Economic Development (AFSED) based in Kuwait

Financial Overview:

The table below presents the total funds received from the sources:

 Source Total Funds Received
Donations $25,219,948
Loan Repayments $2,795,251
Investment Income $17,787,896

This transparent overview reflects our commitment to financial accountability and stewardship, ensuring that every contribution is utilized effectively to further our mission of empowering students and fostering development in the Arab world.

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ASASI is grateful for the generous contribution of (Late) HRH Prince Turki Ben Abdul Aziz Al-Saud, for contributing $ 11.5 Million, and the Government of South Korea for the donation of $ 1,250,000 , and Brown Bovery ( A Swiss pharmaceutical Co.) and all the business men and women, in the Gulf countries especially in Kuwait, Saudi Arabia, and the United Arab Emirates Without the generous contributions, ASAI would not have achieved the success for the past 44 years. May God bless the Hearts of them all.