It is an annual award launched by HRH Prince Khaled El Faisal, President of the Arab Thought Foundation, in order to encourage the books writing of specific task.
By applying the first clause of the terms of the "Partners Initiative for the Arabic Book" that was announced at the conclusion of the Conference of Writing and Copywriting, which was held in Beirut on 1-2 October 2009, His Royal Highness the President of the Arab Thought Foundation, Prince Khalid Al Faisal, declared about the Most Important Arabic Book Award. The first clause of the initiative provisions stipulates the following: "To encourage the qualitative composition of the important books correlated with the Arab community issues and the challenges of the times, as well as to provide material and moral incentives for the most important books published each year".
The value of this award is estimated to one hundred thousand US dollars annually for the Most Important Arabic Book.
It is expected that the prize shall contribute to the achievement of the objectives behind its launch.
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