This is for information of all concerned that the Board of directors of Al-Arafah Bank Limited (AIBL) in Its 289th Emergency Board Meeting held on 29th March, 2016 at 5.00 p.m (dicision taken at 6.20 p.m) approved Investment Term Sheet among the AIBL and the Islamic Corporation for the Development of the Private Sector (ICD), Jeddah, KSA, the private sector arm of Islamic Development Bank (IDB) group. 
