ARABSAT is an Inter-Governmental Organization (“IGO”) founded by the Arab League in 1976, with a paid capital of US$ 163Million, split among its member-states as per the following:
Member Country
% Participation in Paid Capital
Saudi Arabia
36.6553%
Kuwait
14.5885%
Libya
11.2785%
Qatar
9.8074%
United Arab Emirates
4.6585%
Jordan
4.0455%
Lebanon
3.8342%
Bahrain
2.4518%
Syria
2.0840%
Iraq
1.9001%
Algeria
1.7163%
Yemen
1.6549%
Egypt
1.5937%
Oman
1.2259%
Tunisia
0.7355%
Morocco
0.6129%
Mauritania
0.2758%
Sudan
0.2678%
Palestine
0.2451%
Somali
0.24465%
Djibouti
0.1225%