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Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

APICORP announces Leadership Change

The multilateral financial institution embarks on new chapter of its transformation journey amidst shifts in the energy and finance sectors

The Arab Petroleum Investments Corporation (APICORP) (www.APICORP.org), a multilateral financial institution, today announced the appointment of Khalid bin Ali Al-Ruwaigh as its new CEO, taking over from Dr. Ahmed Ali Attiga who led the organization over the past five years, during which APICORP successfully navigated an ever-changing business and energy…

Arab Petroleum Investments Corporation (APICORP)

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    • Dr. Ahmed Ali Attiga, CEO, APICORP
    • Dr. Sherif El Sayed Ayoub, CFO, APICORP
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Source: Arab Petroleum Investments Corporation (APICORP) |

APICORP launches its inaugural Green Bond Framework

Reinforces APICORP’s focus on funding of renewable energy and other green projects

Green Bond Framework follows the approval of the ESG Policy Framework in April 2021; Reinforces APICORP’s (www.APICORP.org) focus on funding of renewable energy and other green projects; Exposure to green assets in lending portfolio more than quadrupled from 2015 to 2020; Paves the way to the issuance of a Green…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

New Environmental, Social, and Governance (ESG) Policy Framework reinforces APICORPS’s commitment to the Energy Transition

APICORP considering issuing green and sustainability bonds to fund sustainable ventures and business models within the energy sector

ESG policy framework to institutionalize APICORP (www.APICORP.org)’s commitment to environmental protection, social responsibility, and robust governance; APICORP targets allocating US$ 1 bn to green energy projects and sustainable energy companies over the next two years to support energy transition; APICORP considering issuing green and sustainability bonds to fund sustainable ventures…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

APICORP: Middle East and North Africa (MENA) energy investments to exceed USD805 bn over next five years

MENA can emerge as a major blue and green hydrogen-exporting region thanks to low-cost gas resources and strong renewable energy progress

APICORP’s (www.APICORP.org), latest MENA energy investment outlook sees a modest USD13 bn rise in committed and planned energy investment compared to previous year’s outlook; Renewables claim a significant share of almost 40% the estimated USD250 bn in power sector investments; Committed Gas investments projected to fall by USD9.5 bn to USD75 billion after…

Arab Petroleum Investments Corporation (APICORP)

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    • Dr. Ahmed Ali Attiga, CEO, APICORP
    • Dr. Aabed bin Abdulla Al-Saadoun Chairman, APICORP
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Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) Ups Net Income By 3% in 2020

Improvement in key financial and risk metrics, including highest ever liquidity ratio (349%) and capital adequacy (31%)

Net income increased to USD115 mn despite fallout from COVID-19 pandemic; Balance sheet grew by 7.5% to USD7.89 bn; Corporate Banking and Treasury & Capital Markets portfolios up 6% and 13%, respectively; Improvement in key financial and risk metrics, including highest ever liquidity ratio (349%) and capital adequacy (31%). The…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP)’s latest benchmark $750 million bond achieves lowest-ever spread; 2.5x oversubscribed

Bond issuance achieved APICORP’s lowest ever spread and yield at +69 basis points and 1.26%, respectively

Bond issuance will further bolster APICORP’s (www.APICORP.org) capital and liquidity positions to continue executing its mandate for the sustainable development of the Arab energy sector; Bond issuance achieved APICORP’s lowest ever spread and yield at +69 basis points and 1.26%, respectively; Bond issuance was more than 2.5 times oversubscribed and…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP): MENA Region Holds Strong Potential for Low and Zero-Carbon Sources of Energy

Renewables and nuclear technologies claimed higher share in power supply mix due to the COVID-19 pandemic

The race for hydrogen is accelerating the penetration of low-cost renewable energy sources; Role of private sector financing still hinges on sector reforms and government guarantees; Renewables and nuclear technologies claimed higher share in power supply mix due to the COVID-19 pandemic; Committed investments in MENA power sector hold relatively…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) extends a USD50million revolving construction facility to Yellow Door Energy to finance solar projects

Facility to be used for developing solar energy assets in key markets across the region including Jordan and Pakistan

Financing facility to YDE is in line with APICORP’s (www.APICORP.org) strategic drive to support energy diversification and access to sustainable power in MENA region; Facility to be used for developing solar energy assets in key markets across the region including Jordan and Pakistan; YDE currently has over 110 megawatts of…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) highlights the economic opportunities and challenges for MENA countries under COVID-19

These opportunities include bringing production closer to consuming markets and increasing digitalization of the economy

Fiscal stimulus and productive debt represent a game-changing opportunity for technological upgrades as digital transformation sweeps the region; Opportunities in re-shored production and manufacturing as global value chains shift; GCC banks are relatively well positioned to weather the storm, with a combined USD2.3 trillion in assets at the end of…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP): Planned gas investments in MENA jump by 29% compared to last year despite historic global gas demand shock

The impact of COVID-19 will accelerate the industrial share of domestic gas demand and petrochemicals demand in MENA

MENA committed gas investments hold steady while planned gas investments reach USD126 bn, a 29% increase compared to last year; The impact of COVID-19 will accelerate the industrial share of domestic gas demand and petrochemicals demand in MENA; The share of government investments in committed and planned gas projects (92%)…