Latest news with #TheArabEnergyFund
Business Wire
19-05-2025
- Business
- Business Wire
The Arab Energy Fund and Stonepeak Enter $1 Billion Strategic Partnership to Advance Energy Infrastructure Across the Middle East
RIYADH, Saudi Arabia & NEW YORK--(BUSINESS WIRE)--The Arab Energy Fund (formerly APICORP), a leading multilateral impact financial institution focused on the MENA energy sector, and Stonepeak, the world's largest independent infrastructure firm and leading US infrastructure investor, today announced that they have entered into a strategic partnership to invest in energy infrastructure across the Middle East. The partnership will primarily focus on businesses in the energy sector, supporting efforts to build critical infrastructure in the region. 'This strategic alliance marks a defining step in our mission to mobilize global capital into the region's evolving energy landscape,' said Khalid Ali Al-Ruwaigh, Chief Executive Officer of The Arab Energy Fund. 'With Stonepeak as a partner, we aim to accelerate the development of resilient, future-ready energy platforms that contribute to economic growth and energy security across the Middle East.' 'This partnership reinforces our long-term strategy to back high-quality energy assets in collaboration with experienced global investors,' said Maheur Mourali, Chief Investment Officer of The Arab Energy Fund. 'Stonepeak brings world-class expertise and alignment with our vision to deliver both impact and value through disciplined investment in essential infrastructure.' 'The Middle East has made energy diversification a key priority, with Saudi Arabia and other nations throughout the region setting ambitious targets,' said Mike Dorrell, CEO, Chairman, and Co-Founder of Stonepeak. 'We are thrilled to be partnering with The Arab Energy Fund to build and create businesses in the region focused on this mission-critical sector.' 'This partnership will support the continued growth and evolution of the region's energy sector,' added Hajir Naghdy, Senior Managing Director and Head of Asia and the Middle East at Stonepeak. 'With our local presence in the region and deep expertise in the global energy sector, Stonepeak is well-positioned to contribute meaningfully to this exciting partnership.' About The Arab Energy Fund The Arab Energy Fund is a multilateral impact financial institution focused on the MENA energy sector established in 1974 by the ten Arab oil-exporting countries. The Arab Energy Fund's mission is to enable a secure and sustainable energy future for the region through a comprehensive range of financing and direct equity solutions and expert advisory services across the entire energy value chain to leading public and private sector business partners in over 35 markets. The Arab Energy Fund applies best-practice ESG principles across all operations, with environmental and socially linked projects comprising 20% of its USD 5.8bn loan portfolio. The Arab Energy Fund is the only energy-focused financial institution in the MENA region rated 'Aa2' by Moody's, 'AA' by Fitch and 'AA-' by S&P. About Stonepeak Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit
Bloomberg
23-04-2025
- Business
- Bloomberg
China Oil Firm United Energy Gets Private Loan From Arab Energy
Saudi Arabia-headquartered investment firm The Arab Energy Fund has agreed to provide a $100 million private loan to Chinese oil company United Energy Group Ltd., according to a person familiar with the matter. Proceeds of the five-year financing would be used to repay loans, with some of the capital earmarked for oil fields the company operates in Iraq, said the person, who asked not to be identified. The Chinese exploration and production firm would also use the facility to bolster its cash reserves, the person added.
Trade Arabia
27-03-2025
- Business
- Trade Arabia
Arab Energy Fund reports record income of $10.9bn in assets
The Arab Energy Fund, a leading financial institution in the MENA energy sector, has reported its highest-ever net income for the fiscal year ending December 31, 2024. Total assets grew by 10.5% YoY to reach $10.9 billion. The fund's net income soared by 18% YoY to reach $266 millon, with capital gains of $11 million from the sale of investments. Total assets grew by 10.5% YoY to reach $10.9 billion. Khalid Ali Al-Ruwaigh, CEO of The Arab Energy Fund, commented: 'These remarkable financial results mark the conclusion of a transformative year for The Arab Energy Fund. Our renewed focus on delivering impactful solutions while maintaining strong momentum underscores our commitment to the region." He added: 'All our business lines contributed significantly to these results. Guided by our five-year strategy, we continue building a solid foundation for the future, aligning our debt and equity portfolios with our vision of becoming a pre-eminent impact investor in the MENA region, and supporting a more resilient energy ecosystem.' The Fund, supported by ten Arab member countries, plans to expand its financing solutions, including loans, equity investments, and financial advisory services, serving public and private sector partners across over 35 countries.
Zawya
27-03-2025
- Business
- Zawya
Arab Energy Fund reports record income of $10.9bln in assets
The Arab Energy Fund, a leading financial institution in the MENA energy sector, has reported its highest-ever net income for the fiscal year ending December 31, 2024. Total assets grew by 10.5% YoY to reach $10.9 billion. The fund's net income soared by 18% YoY to reach $266 millon, with capital gains of $11 million from the sale of investments. Total assets grew by 10.5% YoY to reach $10.9 billion. Khalid Ali Al-Ruwaigh, CEO of The Arab Energy Fund, commented: 'These remarkable financial results mark the conclusion of a transformative year for The Arab Energy Fund. Our renewed focus on delivering impactful solutions while maintaining strong momentum underscores our commitment to the region." He added: 'All our business lines contributed significantly to these results. Guided by our five-year strategy, we continue building a solid foundation for the future, aligning our debt and equity portfolios with our vision of becoming a pre-eminent impact investor in the MENA region, and supporting a more resilient energy ecosystem.' The Fund, supported by ten Arab member countries, plans to expand its financing solutions, including loans, equity investments, and financial advisory services, serving public and private sector partners across over 35 countries. The fund launched its new brand identity during its 50th anniversary event in January 2025, showcasing its commitment to enhancing energy collaboration and convening power. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
27-03-2025
- Business
- Zawya
The Arab Energy Fund reports record financial results, celebrating a transformative year
Total assets grew by 10.5% YoY to reach USD 10.9bn Results driven by asset growth, increased efficiencies, and a favorable interest environment Saudi Arabia – The Arab Energy Fund (formerly APICORP), a leading multilateral impact financial institution focused on the MENA energy sector, today announced its financial results for the fiscal year ending December 31, 2024. The Fund achieved a record performance with the highest-ever net income, driven by strong asset growth across all business lines, increased efficiencies, and a favourable interest rate environment. Net income surged by 18% year-on-year (YoY) to reach USD 266mn and capital gains through the sale of Investments amounting to USD 11mn. Total assets grew by 10.5% YoY to reach USD 10.9bn. Khalid Ali Al-Ruwaigh, CEO of The Arab Energy Fund, commented: 'These remarkable financial results mark the conclusion of a transformative year for The Arab Energy Fund. Our renewed focus on delivering impactful solutions while maintaining strong momentum underscores our commitment to the region." He added: 'All our business lines contributed significantly to these results. Guided by our five-year strategy, we continue building a solid foundation for the future, aligning our debt and equity portfolios with our vision of becoming a pre-eminent impact investor in the MENA region, and supporting a more resilient energy ecosystem.' Backed by its ten Arab member countries, The Arab Energy Fund is poised to expand its offerings in financing solutions, including loans, equity investments, and financial advisory services. It serves public and private sector partners across more than 35 countries. In line with its ambitious vision, The Arab Energy Fund launched its new brand identity during a milestone event celebrating the institution's 50th anniversary in January 2025. The event, attended by HRH Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, and Energy Ministers from member countries, showcased the Fund's significant convening power and commitment to enhancing energy collaboration. The new identity reflects The Arab Energy Fund's dedication to advancing energy security and sustainability through impactful investments across the Arab world and beyond. Business line highlights Corporate Banking The Corporate Banking asset portfolio grew by 20% YoY to reach USD 5.8bn. Net operating income increased by 20% YoY to USD 119mn as the business unit expanded its range of financing solutions and entered new markets. Investments & Partnerships Investments & Partnerships recorded an asset portfolio of USD 1.5bn, a 5% YoY growth. The business unit's gross operating income reached USD 89mn with capital gains of USD 11mn from successful exits. Treasury and Capital Markets Treasury and Capital Markets recorded an asset portfolio of USD 3.6bn. Net operating income increased by 43% YoY to USD 125mn, mainly due to the optimization of the fixed income portfolio and the effect of a favourable interest environment. Key performance metrics As of December 2024, TAEF's return on equity grew to 8.1% (2023: 7.4%), and return on assets stood at 2.6% (2023: 2.4%). The leverage ratio is at 2.3x (2023: 2.1x), and Capital adequacy amounts to 29.1% (2023: 29.2%). The non-performing loan ratio has dropped to 0.5%, compared with 0.8% in 2023. -Ends- About The Arab Energy Fund The Arab Energy Fund is a multilateral impact financial institution focused on the MENA energy sector established in 1974 by the ten Arab oil-exporting countries. The Arab Energy Fund's mission is to enable a secure and sustainable energy future for the region through a comprehensive range of financing and direct equity solutions and expert advisory services across the entire energy value chain to leading public and private sector business partners in 35 countries. The Arab Energy Fund applies best-practice ESG principles across all operations, with environmental and socially-linked projects comprising 20% of its USD 5.8bn loan portfolio. The Arab Energy Fund is the only energy-focused financial institution in the MENA region rated 'Aa2' by Moody's, 'AA' by Fitch and 'AA-' by S&P. View The Arab Energy Fund's ESG Policy Framework here. For more information about The Arab Energy Fund, please visit: For more information, please contact:
