Financial Reporting
Financial Reporting by AASTMT
The Arab Academy for Science, Technology, and Maritime Transport (AASTMT) is committed to upholding the highest standards of transparency and accountability across all levels of operation, particularly in its financial governance. The institution's financial practices are aligned with international standards of higher education finance, ensuring the responsible management of resources and trust among stakeholders.
AASTMT financial reports reflect the institution’s economic health and strategic direction. These reports form a vital part of the Academy's broader commitment to educational excellence, equity, and sustainable growth.
The detailed summary of the institution’s financial performance for fiscal years ending 30 June 2021, 2022, and 2023.
The Financial Data (in USD)
Income
- 2023: $290,786,712
- 2022: $262,237,253
- 2021: $243,796,098
Expenditure
(Estimated as Total Income – Net Income):
- 2023: $203,271,947
- 2022: $195,965,223
- 2021: $199,929,668
Borrowing
Long-Term Debt:
- 2023: $115,343,156
- 2022: $76,375,654
- 2021: $46,219,634
Surplus
Net Income:
- 2023: $87,514,765
- 2022: $66,272,030
- 2021: $43,866,430
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Additional Financial Transparency & Student Support
AASTMT provides access to all financial data upon request, further reinforcing its commitment to transparency. In addition:
- Tuition fees and discount schemes for studying in AASTMT colleges are publicly available on the official website.
- Financial management guidelines, including the roles and responsibilities of AASTMT’s financial specialists, are published and accessible.
- Financial aid and student support programs are actively offered to students facing economic hardship, ensuring no qualified student is deprived of education due to financial limitations.
AASTMT Student Support and Financial aid
These initiatives highlight AASTMT’s mission of making high-quality education accessible to a diverse and talented student population, with tailored fee structures, merit-based scholarships, and need-based financial aid.
AASTMT by publishing its financial statements, fosters an environment of financial transparency, academic excellence, and inclusiveness. Through robust financial planning and support systems, AASTMT continues to advance as a leading institution in the Arab world—dedicated to shaping future leaders in science, technology, and maritime fields.
For more details, financial records, and tuition information, stakeholders are encouraged to consult the official AASTMT website or contact the Financial Department directly.