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PRESS RELEASE – APICORP records net profit of USD 70.4 million for H1 2019
Gross operating income at USD 184.1 million and Net Income at USD 70.4 million, an improvement of recurring income of 30% and 10%, respectively, for the corresponding period in 2018 Balance sheet grew by 6.2% to reach USD 7.4 billion Completion ... read more >
PRESS RELEASE – APICORP MENA Power Investment Outlook 2019 – 2023
Investments worth USD 209 billion needed in MENA Power Sector from 2019 to 2023 – APICORP Report - MENA region will need to install 88GW of power generation capacity over the period 2019-23 - Electricity demand growth to slow over the medium ... read more >
PRESS RELEASE: APICORP APPOINTS DR. SHERIF AYOUB AS CHIEF FINANCIAL OFFICER
Dammam, Saudi Arabia, 17 June 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has appointed Dr Sherif El Sayed Ayoub as its Chief Financial Officer. In this capacity, Dr. Ayoub will take ... read more >
PRESS RELEASE: APICORP Inks USD 75m Murabaha Term Facility with Saudi Based Company Alfanar
Riyadh, Saudi Arabia, May 8, 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five year Murabaha financing facility worth USD 75 million with Alfanar Company ... read more >
Vacant Position: Manager, IT Governance
. Job Title: Manager, IT Governance Job Category: Manager Reports To: Director of Information Technology Number of Staff Supervised: 1-2 Based in: Head Office, Al Khobar, Saudi Arabia Department: Information ... read more >
Vacant Position: Head, Budgeting & Corporate Performance Management Unit
. Job Title: Head, Budgeting & Corporate Performance Management Unit Based in: Head Office, Al Khobar, Saudi Arabia Department: Finance Job Purpose To formulate, assess and monitor the ... read more >
Vacant Position: Senior Management Information Specialist
. Job Title: Senior Management Information Specialist Based in: Head Office, Al Khobar, Saudi Arabia Department: Finance Job Purpose To provide high quality reports to support executive ... read more >
PRESS RELEASE: APICORP 2019 OUTLOOK: Total Planned and Committed MENA Investments in Energy Sector estimated to be USD 1 trillion over next five years
The share of non-government led investments increased to 22% from last year Saudi Arabia has the largest committed and planned investments in the medium-term followed by UAE and Kuwait The power sector constitutes 36% of total investment in the ... read more >
PRESS RELEASE: APICORP Reports 2018 Record Financial Year with Net Profit Increase to USD182m
2018 marks a record financial year for APICORP Total assets grew by 11% Muscat, Oman, April 17, 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, held its 43rd General Assembly for 2019 in Muscat, Oman. ... read more >
PRESS RELEASE: The Arab Petroleum Investments Corporation (APICORP) issues USD 300 million 5-Year Dual Listed Floating Rate Formosa
The transaction from APICORP is the third successful “Formosa” bond since its first Formosa issuance in 2016 Dammam, Saudi Arabia, April 03, 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, rated Aa3 by ... read more >
NEWS RELEASE: APICORP APPOINTS DINA KASRAWI AS DIRECTOR OF CORPORATE COMMUNICATIONS
Khobar, Saudi Arabia, 17 March 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, appointed Ms Dina Kasrawi as Director of Corporate Communications. In this newly created role, she will oversee all external ... read more >
NEWS RELEASE: APICORP SIGNS SAR 1,500 MILLION OVERSUBSCRIBED SHARIAH-COMPLIANT SYNDICATED FINANCING FACILITY
Khobar, Saudi Arabia March 6, 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank focused on energy investments and owned by the ten Arab oil exporting countries, successfully signed an oversubscribed ... read more >
PRESS RELEASE – APICORP ANNOUNCES FUNDING OF UAE SOLAR DEVELOPER: ‘YELLOW DOOR ENERGY’
Dubai, UAE 28 January 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, today announced its investment towards the Series A shares of Yellow Door Energy, a UAE-based solar power developer. The funds, as part ... read more >
PRESS RELEASE: Dr. Leila Benali Appointed Chief Economist at APICORP
Khobar, Saudi Arabia, 22 January 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, has appointed energy & commodities strategy and policy expert, Dr Leila Benali, as the Chief Economist at APICORP. Dr ... read more >
PRESS RELEASE: APICORP announces USD100m worth of financing for Oman’s Duqm Refinery
Duqm Refinery is a joint venture between Kuwait Petroleum International and Oman Oil Company Dammam, Saudi Arabia, 23 December 2018: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, is pleased to announce a ... read more >
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