The Arab Open University (AOU) is not a company. Its 2023-2024 annual report, published in Arabic, says it was founded as a non-profit development project under the umbrella of the Arab Gulf Programme for Development (AGFUND), on the initiative of the late Prince Talal bin Abdulaziz Al Saud. Prince Talal announced the initiative in 1996, and the university began in October 2002 in Kuwait, Lebanon and Jordan, in cooperation with the Open University in the UK. The report names Prince Abdulaziz bin Talal Al Saud as chairman of the board of trustees. Prof. Mohammad Al-Zakari is President.

AOU teaches through a blended system that includes face-to-face classes. For the academic year from 1 September 2023 to 31 August 2024 the report shows total revenue of US$180.9m against operating and capital spending of US$102.7m. It counted 62,612 continuing students, 5,827 graduates and 1,031 staff that year, and says it was preparing for an institutional review by the UK Quality Assurance Agency scheduled for May to July 2024.