The Arab Company for Livestock Development (ACOLID) was incorporated in accordance with the provisions of its Memorandum of Association. The objectives of ACOLID are to develop and promote livestock resources in the Arab countries and the industries associated with them. The declared capital of ACOLID was fixed at US $ 214,104,000. Since its inception, ACOLID managed to establish 38 projects, affiliated companies and different shareholdings distributed geographically in eleven Arab States.