Iraq Petroleum 2019 Conference

APICORP

Arab Petroleum Investments Corporation

Vision & Mission:

APICORP’s mission is to contribute to the development ‎and the transformation of the Arab hydrocarbon and ‎energy industries...
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Media Centre:

Our Media Centre strives to be a reliable source of information for the media and other interested parties.
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Career Opportunities:

APICORP seeks to attract and retain highly qualified and experienced talent to meet the organization’s needs.
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The Financial
Energy Partner

CORPORATE OVERVIEW

Arab Petroleum Investments Corporation (APICORP) is a multilateral development bank established on 23 November 1975 under the terms of an agreement signed by the ten Member States of the Organization of Arab Petroleum Exporting Countries (OAPEC). Download Annual Report
(5.2 MB)

MISSION

APICORP’s mission is to develop the Arab energy sector through a range of creative, value adding solutions, provided on a commercial basis, facilitating value maximisation. Our offering includes equity investment, debt financing, financial advisory and energy research services.

SHAREHOLDERS

APICORP is wholly owned by the member states of the Organization of Arab Petroleum Exporting Countries (OAPEC)

Algeria
5%
Libya
15%
Egypt
3%
Syria
3%
Iraq
10%
Kuwait
17%
Bahrain
3%
Qatar
10%
UAE
17%
Saudi Arabia
17%

BOARD OF DIRECTORS

The Board of Directors is composed of 10 members representing the 10 members states. The membership of the Board of Directors shall be by nomination of each member state.

For the Arab Republic of EgyptEngineer Mohamed Hassan Saafan
For the State of QatarEbrahim Ahmad Al-Mannai Member, Audit & Risk Committee
For the Democratic and Popular Republic of AlgeriaMr. Farid Baka Member, Audit & Risk Committee
For the State of KuwaitSheikh Dr. Nimr Fahad Al-Malik Al-Sabah Member of Board Governance and Remuneration Committee (BGRC) / Deputy Chairman of Board Audit and Risk Committee (BARC)
For the Kingdom of Saudi ArabiaDr. Aabed A. Al-Saadoun Chairman of the Board / Chairman of Remuneration & Nomination Committee
For LibyaMr. SALEM MOHAMED HNESH Deputy Chairman of the Board / Deputy Chairman of Remuneration & Nomination Committee
For the United Arab EmiratesDr. Matar Al- Neyadi Deputy Chairman of Audit & Risk Committee
For the Republic of IraqMr. Alaa Kidher Kadhum Al-Yassiri
For the Kingdom of BahrainMr. Mahmood Hashim Al-Kooheji Member of Remuneration & Nomination Committee

APICORP SERVICES

Investments
The Investments business manages APICORP’s portfolio of direct and indirect investments in the energy and related sectors. The investments portfolio consists of investments in petrochemicals, oil and gas field services, refining, energy intensive businesses, shipping and petroleum storage. APICORP’s investment portfolio are spread globally, including over six Arab countries.
Investment Portfolio
USD 1.2 billion
Direct Equity Investments: 17
Indirect Equity Investments: 3
Corporate Finance
The Corporate Finance business provides loan funding and financial advisory services with a focus on project and trade finance. These services are typically provided to local, regional and international sponsors in the energy and related sectors. The Corporate Finance loan book is currently spread over more than 100 clients across 26
countries.
Corporate Finance Portfolio
Funded and unfunded Assets
USD 3.47 billion
Rating: AA
APICORP SERVICES
Treasury and Capital Markets
The Treasury and Capital Markets business ensures that APICORP is adequately funded and that market risks are proactively managed. It invests the liquidity surplus of the Corporation largely in capital and money markets and therefore provides income which is not closely correlated to the energy sector.
Treasury & Capital Markets Portfolio
USD 2.04 billion
Rating: A
Research
The Energy Research team is dedicated to the study of economic and policy issues relevant to APICORP and its key stakeholders. APICORP is known for the quality of its research and recognized as a thought leader in the energy and related sectors.
research publishing
11 volumes
since 2006
more than 1500 subscribers

EXECUTIVE MANAGEMENT

Mohammad Khatib Director, Information Technology
Dr. Leila R. Benali Chief Economist Energy - Economics, Strategy & Sustainability
Ali Hassan Fadel Director, Legal
Bennie Burger Managing Director, Investments
Dr. Ahmed Ali Attiga Chief Executive Officer
Dr. Sherif Ayoub Chief Financial Officer
Nicolas Thévenot Managing Director, Corporate Finance
Hesham Farid Managing Director, Treasury & Capital Markets
Ajay Kumar Jha Director, Risk & Compliance
Hamdi Bata Director, Human Resources & Corporate Affairs
Dina Kasrawi Director, Corporate Communications

FINANCIALS

MOODY'S RATING

October 2019

Aa2

Total Income
US$ Million
2018
253
2017
142
2016
132
2015
162
2014
156
Net Income
US$ Million
2018
182
2017
104
2016
93
2015
108
2014
105
Total Assets
US$ Billion
2018
6.95
2017
6.24
2016
6.14
2015
5.65
2014
5.88
Shareholder's Equity
US$ Billion
2018
2.27
2017
2.15
2016
2.00
2015
1.91
2014
1.86