Media Centre

  APICORP continues to be the only Aa2-rated financial institution in MENA region Rating reaffirmation based on strong capital adequacy, high asset quality and strong asset performance Very strong liquidity and diversified funding structure enhance financial standing APICORP demonstrates resilience... read more >

  Dammam, Saudi Arabia, 29 April 2020: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced today that it has launched a USD 500 million countercyclical support package aimed at supporting its clients in Member Countries and... read more >

  Callable capital increases from USD1 billion to USD8.5 billion Authorized capital also increased to USD20 billion and subscribed capital to USD10 billion USD500 million will also be transferred from Corporation’s general reserves and retained earnings into its issued and... read more >

  Balance sheet grew by 5.7% to USD 7.35 billion Net recurring income increased by 17% between2018 to 2019 from USD 96 million to USD 112 million Upgrade by Moody’s in October 2019 to ‘Aa2’ with a stable outlook Approval... read more >

  Dammam, Saudi Arabia, 13 November, 2019: Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced its first equity investment in Kuwait with the acquisition of a 24% equity stake in Al Khorayef United Holding and GC-16 JV... read more >

Moody’s upgrades APICORP to Aa2 with stable outlook APICORP’s short-term issuer rating affirmed at Prime-1 Dammam, Saudi Arabia, October 11, 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, today announced that its credit rating has been... read more >

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... read more >

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... read more >

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 charge of APICORP’s finances,... read more >

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 (“Alfanar”), one of the leading developers and... read more >

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 region... read more >

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. The meetings... read more >

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 Moody’s with a positive... read more >

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 and internal communications at APICORP... read more >

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 Shariah-compliant syndicated financing with a total amount... read more >

Oil price to recover slightly, Brent at $60-$70/barrel into H2 2019 Geopolitics, social media and computerized trading accentuating volatility Private and government investment gaps leave room for Multilateral Development Banks (MDBs)funding APICORP’s research in 2019 to focus on gas, energy... read more >

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 of a consortium... read more >

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 Benali joined from Saudi Aramco... read more >

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 USD100m investment as part of... read more >

Dammam, Saudi Arabia, 30 October 2018: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, participated in the Algeria Future Energy summit, which was held on 29th and 30th October. APICORP’s Senior Economist for Energy Research, Mustafa Ansari, moderated... read more >

Dammam, Saudi Arabia, 28 October 2018: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, has announced signing a financial structuring mandate with Suez Company for Methanol Derivatives to finance the development of a formaldehyde and derivatives project in... read more >

Market leading research paper provides unique insight into future financing of MENA energy sector Dammam – Saudi Arabia, 3rd October 2018: The Arab Petroleum Investments Corporation (APICORP), the multilateral development bank focused on the energy sector, participated in the 11th... read more >

As part of its support, APICORP will bring together leading C-suite stakeholders to discuss the role of innovative financing within the industry Abu Dhabi, United Arab Emirates (UAE), 1 October 2018 – To build upon its commitment to bring together... read more >

  Dammam – Saudi Arabia, 26 September 2018: — The Arab Petroleum Investments Corporation (APICORP), the multilateral development bank focused on the energy sector, announces the pricing of a $750 million 5-year bond (rated Aa3 by Moody’s) on September 11,... read more >

APICORP report analyses the latest directive reducing the sulphur content of marine fuel oil, and considers its impact for shippers and Gulf producers of crude oil Countries such as Saudi Arabia, Kuwait and the UAE with more complex and sophisticated... read more >

  APICORP’s net profit for H1 2018 was US$150.3 million (H1 2017: US$41.8 million) Total assets stood at US$6.6 billion as at 30 June 2018 (30 June 2017: US$6.2 billion) Dammam – Saudi Arabia, 13 September 2018: — The Arab... read more >

  Arab Petroleum Investments Corporation (APICORP) a Multilateral Development Bank, rated Aa3 (stable outlook) by Moody’s, has mandated Crédit Agricole CIB, HSBC, J.P. Morgan, and Standard Chartered Bank as Joint Lead Managers and Bookrunners and Union National Bank as Co-Lead... read more >

  Jordan and Morocco diversify their energy sources, with Egypt also showing signs of kickstarting a renewables programme Financing remains an obstacle to the government’s plans to increase renewable energy development Multilateral development banks (MDBs) and development agencies play crucial... read more >

  Sale after four years of investing, during which NPS achieved robust growth Exit enables APICORP to realize significant capital gains Dammam – Saudi Arabia, 04 July 2018: — The Arab Petroleum Investments Corporation (APICORP) announces that it has completed... read more >

  UAE and Kuwait announce ambitious capacity targets for 2020 to invest over $220bn in the energy sector Libya and Iraq preform exceptionally well given the geopolitical environments of each of the respective countries In a tightening market, the geopolitical... read more >

  Many energy-importing countries, most notably Morocco, Jordan and the UAE, will continue to accelerate the development of their renewable-energy sectors, while Saudi Arabia issued its first tender after a bit of delay. APICORP predicts a more positive outlook for... read more >

  $152 billion of investment needed to add 117GW of generating capacity, and $108 billion in transmission and distribution As governments prioritise power sector investment, regulatory and fiscal measures will also be required to manage rising levels of demand Broad... read more >

  Total investment (committed and planned) of US$919 billion over 5 years Power sector accounts for the bulk of planned investments as region continues to prioritise critical projects, particularly renewable energy The need to maintain energy investment and an improving... read more >

  Dammam, Saudi Arabia, 13 March 2018 – Arab Petroleum Investments Corporation (APICORP), rated Aa3/Stable by Moody’s, priced its inaugural benchmark-sized Dim Sum bond in the offshore Renminbi market on 2nd March, 2018. The 630 million Chinese Renminbi (approximately USD... read more >

Dammam, Saudi Arabia, 28 February 2018 – The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, announces that it is attending Iraq Petroleum 2018. The conference, now in its twelfth year, is one of the energy industry’s most prestigious... read more >

  In the midst of uncertainties over fluctuating oil prices and the economies that depend on it, last month saw Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established to boost the development of the Gulf region’s oil and... read more >

  Dammam – Saudi Arabia, 07 November, 2017 – The Arab Petroleum Investments Corporation (APICORP) has successfully launched a USD 500 million 5-year sukuk off its USD 3 billion Trust Certificate Programme. The initial price talk was released at mid... read more >

Dammam – Saudi Arabia, October 18, 2017: Arab Petroleum Investments Corporation (APICORP) a Multilateral Development Bank, rated Aa3 (stable outlook) by Moody’s, has mandated Bank ABC, Crédit Agricole Corporate and Investment Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, KFH... read more >

  Frankfurt am Main, October 12, 2017 — The credit profile of the Arab Petroleum Investments Corporation (APICORP, Aa3 stable) is supported by its robust capital adequacy, a high-quality investment asset portfolio, de facto preferred creditor status and strong shareholder... read more >

  Dammam – Saudi Arabia, March 27, 2017  The Arab Petroleum Investments Corporation (APICORP) this week announced the signing of an agreement with Goldman Sachs for the creation of an investment partnership vehicle aimed at pursuing global energy co-investments alongside... read more >

  Region continues to prioritise investments in energy sector US$337 billion fully committed to projects under execution; US$622 billion worth of planned investments over the outlook period GCC countries driving investment; promising outlook for Iran and Egypt Dammam – Saudi... read more >

  30% equity acquisition underlines APICORP’s commitment to boosting economic growth in the region Dammam – Saudi Arabia, December 12, 2016  The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of... read more >

  CSR project is APICORP’s first in Jordan and will provide up to 10,000 people with easy access to water for irrigation   Dammam – Saudi Arabia, November 21, 2016  The Arab Petroleum Investments Corporation (APICORP), today announces it has... read more >

  Moody’s maintains Aa3 rating, reflecting financial strength and supporting active deal flow in Q3   Dammam – Saudi Arabia, October 17, 2016  The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member... read more >

  Important funding milestone sees APICORP continuing its support of Egyptian petroleum industry Dammam – Saudi Arabia, October 05, 2016 The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of the... read more >

The oversubscribed USD 300mn transaction is the first successful “Formosa” bond out of Saudi Arabia Dammam – Saudi Arabia, October 01, 2016 The Arab Petroleum Investments Corporation (APICORP) has successfully launched the first “Formosa” bond out of the Kingdom of... read more >

  Unique investment opportunity seeking to acquire 15 VLCCs Riyadh – Saudi Arabia, July 18, 2016 The Arab Petroleum Investments Corporation (APICORP) and The National Shipping Company of Saudi Arabia (Bahri) announced the launch of a landmark shipping fund. An... read more >

  Dammam, 9 May 2016 The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of the Organization of Arab Petroleum Exporting Countries, announced the completion of an innovative Sharia-compliant financing facility... read more >

  Total income for the year increased by 3.7% to US$162.04 million Net profit before provisions grew by 5% to US$ 124.38 million from US$ 118.51 million in 2014 Total assets of US$ 5.65 billion as at 31st December 2015... read more >

  Equity acquisition consistent with APICORP’s strategy of rebalancing portfolio through value adding equity investments Offers the Arab region exposure to global offshore oil services market Dammam, 19 April, 2016: The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank... read more >

  Continuing low oil prices, regional instability, and deteriorating sovereign credit ratings will create challenges and constraints to investment Despite oil price volatility, APICORP estimates that total MENA energy investment over the next five years can reach $900 Billion Investment... read more >

  Funds raised by the multilateral development bank will support investment in the Arab energy sector Listing reinforces Dubai’s position as the global leader for listed Sukuk at USD 37.81 billion Dubai, March 8, 2016: Dr. Aabed Al Saadoun, Chairman... read more >

Manamah, Kingdom of Bahrain – Thursday 19th November 2015: Energy and financial sector experts gathered at the APICORP Energy Forum in Bahrain, held under the patronage of His Royal Highness Prince Khalifa bin Salman Al Khalifa, have said that subsidy reform... read more >

Dammam, Kingdom of Saudi Arabia – Thursday 22nd October 2015: The Arab Petroleum Investments Corporation (APICORP) has successfully placed a USD 500 million, five year Sukuk as part of its USD 3 billion Sukuk programme announced last July. APICORP’s transaction... read more >

Dammam, Kingdom of Saudi Arabia – Tuesday 20th October 2015: Leading energy sector experts and Ministers from Saudi Arabia, Kuwait, Egypt and Bahrain, will convene in Manama on Thursday 19th November to discuss the policies, outlook and financing options available... read more >

Dammam, Kingdom of Saudi Arabia – 04 October, 2015: New analysis published by Moody’s Investors Service considers the credit ratings outlook for the Arab Petroleum Investments Corporation (APICORP) to be “stable”. The research states that APICORP’s “Aa3 long-term and Prime-1... read more >

Dammam, Kingdom of Saudi Arabia – 06 July, 2015: The Arab Petroleum Investments Corporation (APICORP) today announced the establishment of a $3 billion Sukuk programme. Establishing the Sukuk programme marks a strategic step for APICORP, rated Aa3 by Moody’s, in... read more >

  Total income over the year increased by 4.3% to 156.28 million 2014 net profit before provisions grew to US$ 118.5 million from US$ 111.2 million in 2013 Total assets for the period increased to 5.88 billion Dammam, 18 May,... read more >

  Jadwa Investment, a leading Saudi Arabian private equity house and investment bank, today announced the acquisition of a majority stake in Saudi Mechanical Industries (SMI) by the Jadwa Mechanical Opportunities Fund along with the Arab Petroleum Investments Corporation (APICORP).... read more >

  Significant appetite amongst lenders reflects APICORP’s strong credit worthiness Dammam, 22 March, 2015: The Arab Petroleum Investments Corporation (APICORP), an investment company established in 1975 by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC),... read more >

  Deal demonstrates confidence in NPS’s strong track record and will accelerate the expansion of the company’s growing regional footprint Dammam, 15 February, 2015: The Arab Petroleum Investments Corporation (APICORP), an investment company focused on the energy sector in the... read more >

Dammam, 30 December, 2014: Energy capital investments in the Arab world will total $685 billion over the next five years, according to a new report by the Arab Petroleum Investments Corporation (APICORP), which was presented to officials and delegates at... read more >

  Agreement supports APICORP’s trade-finance business growth by easing risks in trade finance transactions Documentary Credit Insurance Policy will help APICORP mitigate commercial and political risks affecting LC transactions Agreement is the first signed by ICIEC with an Arab Multilateral... read more >

  Award recognizes contribution made by the APICORP Petroleum Shipping Fund to the shipping industry Fund “makes a signal contribution to Middle Eastern shipping, and to the global advance of the industry,” says Lloyd’s List Dubai, 30 October, 2013: Ahmad... read more >

  Additional 10% Stake Purchased from Majority Stakeholder, Canada-based Methanex, Increases APICORP’s Stake to 17% Equity acquisition reflects APICORP’s keenness to support development of region’s downstream production capabilities This acquisition evidences APICORP’s commitment to support its shareholding countries Dammam, 22... read more >

  APICORP becomes joint third largest shareholder in TAQA with 5.62% equity stake Acquisition reflects commitment to support Arab energy companies with significant growth and value-creation potential APICORP to continue exploring further opportunities in new oil & gas and services... read more >

  APICORP’s assets stand at US$ 5.12 billion at the end of the first half of 2013 Moody’s endorses APICORP’s financial strengths with affirmation of Aa3 rating with stable outlook Dammam, 24 September, 2013: Arab Petroleum Investments Corporation (APICORP), the... read more >

  2012 net profits rise over 3% from 2011 to reach US$109 million, the highest in APICORP’s 37 year history Total assets for the period rise over 9.6% to reach US$ 5 billion Net asset value per share increases over... read more >

  First investment fund established by APICORP; Initiative is also first fund in the region targeted at a specific vessel category Fund, co-managed by Tufton Oceanic, has acquired five medium range (MR) petroleum product tankers Initiative enables companies to meet... read more >

  Dammam/Dubai, 28 January, 2013: Arab Petroleum Investments Corporation (APICORP), the multilateral development bank owned by the ten nations of the Organisation of Arab Petroleum Exporting Countries (OAPEC), and NATIXIS, the corporate, investment management and financial services arm of Paris-based... read more >

  New rating of Aa3 reflects continual reinforcement of the Multilateral Development Bank’s fiscal strengths “Effective doubling” of APICORP’s capital base key driver of ratings upgrade, says Moody’s Dammam, 01 October, 2012: In a strong validation of its increasingly robust... read more >

  2012 first half assets grow to US$5.12 billion from US$4.33 billion in H1 2011 APICORP’s 2012 second quarter net income reaches US$20 million Dammam, 14 Aug, 2012: Arab Petroleum Investments Corporation (APICORP), the multilateral development bank owned by the... read more >

  APICORP’s collaboration with J.P. Morgan allows the multilateral development bank to boost its trade finance offering for energy companies Dammam/Manama, May 27, 2012: Arab Petroleum Investments Corporation (APICORP), the multilateral development bank owned by the member states of the... read more >

Net profit for 2011 rises 11% from 2010 to reach US$105.4 million Total assets for the period grow 7% to reach US$ 4.6 billion $45 Million to be distributed as dividends to shareholders 2012 first quarter net profit reaches US$... read more >

Debut Murabaha Facility Oversubscribed; Leading Saudi Banks Act as Mandated Lead Arrangers KSA/Bahrain, 13 February, 2012: Arab Petroleum Investments Corporation (APICORP), the multilateral development bank of the ten member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), today... read more >

  Wrapping Up Volume Seven of Our Economic Commentary As with previous editions this compilation assembles into one single volume – the seventh of its kind – all issues of our ‘Economic Commentary’ published during 2012. This offers the opportunity... read more >

Moody’s Reaffirms APICORP’s A1 Rating for Long-Term Debt and Prime 1 for Short-Term Debt With Stable Outlook Dammam/Manama, 16 January, 2012: The Arab Petroleum Investments Corporation (APICORP), a multilateral bank owned by the ten member states of the Organisation of... read more >

APICORP successfully divests its 12.5% stake in BANAGAS to Boubyan of Kuwait Multilateral Development Bank Seeks to Reinvest in Bahrain Dammam/Manama, 25 October, 2011: Arab Petroleum Investments Corporation (APICORP), the multilateral development bank of the Organization of Arab Petroleum Exporting... read more >

Ahmad Bin Hamad Al-Nuaimi, Apicorp Multilateral development bank APICORP – the Arab Petroleum Investments Corporation – is following a record performance in 2010 with a new emphasis on diversification in its projects and fund raisings. The bank, established to make... read more >

01/06/2011 – APICORP General Assembly Increases Subscribed Capital by 173% to US$ 1.5 billion • Ten shareholder countries resolve to increase subscribed capital by 173% from US$ 550 million to US$ 1.5 billion. • Authorized capital doubles from US$ 1.2... read more >

10/05/2011 – APICORP Reports Highest Annual Net Profit in its History • Net profit for the year 2010 surges 62% to reach US$95 million. • Highest total assets and total shareholders’ equity since inception. • APICORP’s 2011 first quarter net... read more >

29/03/2011 – APICORP Partners with IFC to Co-finance Arab-owned Energy Projects in Developing Countries Signs Accession Agreement to IFC’s Master Cooperation Agreement Dammam/Manama, March 28, 2011: In a move that widens its role as a multilateral development bank, the Arab... read more >

05/01/2011 – APICORP Divests 12 % Stake in Egypt-based ACBC Proceeds to support APICORP’s efforts to further diversify into mid-stream sector Cairo/KSA, 28 December, 2010: Setting in motion a divestment plan aimed at mobilizing funds for a new phase of... read more >

10/11/2010 – APICORP Signs $93 Million Medium-Term Loan Agreement with AMPTC Loan to partly finance AMPTC’s acquisition of two Aframax oil product tankers The Arab Petroleum Investments Corporation (APICORP), a multilateral bank owned by the ten member states of the... read more >

01/11/2010 – APICORP net income for first three quarters of 2010 rises 42% y-o-y to $64.31 million Total assets increase 7.5% to reach US$ 4.15 billion at the end of September: Reinforcing its fiscal stability and solid business performance in... read more >

23/10/2010 – APICORP Landmark SAR 2 Billion Debut Bond Oversubscribed Three Times with an Aggregate Book Size of SAR 6 Billion (US $1.6 Billion) KSA/UAE, 20th October, 2010: The Arab Petroleum Investments CorporationArab Petroleum Investments CorporationArab Petroleum Investments Corporation APICORP(APICORP),... read more >

01/10/2010 – DIFC – Dubai, October 01, 2010 — Moody’s Investors Service has today assigned a provisional (P) rating of A1 to the Saudi riyal-denominated senior unsecured bonds that will soon be issued by the Arab Petroleum Investments Corporation (“APICORP”).... read more >

30/09/2010 – APICORP, has announced on 29 September, 2010 that it is planning to issue a Saudi Arabian Riyal (SAR)-denominated benchmark-sized bond. APICORP will commence roadshow meetings next week in Riyadh, Jeddah, and Dammam. More details about the transaction will... read more >

21/09/2010 – In line with its five-year plan objective of diversifying its investment portfolio, APICORP is in mature discussions to exit key investments and reinvest the proceeds in new oil and gas projects across the MENA region. Media Coverage File (Bahrain)... read more >

08/06/2010 – Moody’s A1 Rating Endorses Underlying Strength of APICORP KSA, 08 June, 2010: Arab Petroleum Investments Corporation (APICORP), a multilateral development bank owned by the ten member states of the Organisation of Arab Petroleum Exporting Countries (OAPEC), announced that... read more >

08/05/2010 – Mr. Al-Nuaimi is heading the Corporation delegation to the 9th Arab Energy Conference Mr. Ahmad Al-Nuaimi, APICORP’s Chief Executive and General Manager, is heading the Corporation delegation to the 9th Arab Energy Conference, which is being hosted in... read more >

26/04/2010 – APICORP Settles its US$ 250 Million Term Loan on Time The Chief Executive and General Manager of Arab Petroleum Investments Corporation (APICORP), Mr. Ahmad Bin Hamad Al Nuaimi, announced that APICORP has repaid its US$ 250 million five... read more >

13/04/2010 – APICORP’s Profits jumped by 245% in the 1st Quarter of 2010 and by 112% at Year-End 2009 The General Assembly of Arab Petroleum Investments Corporation (APICORP) – an Inter-Arab financial institution, affiliated to the Organisation of Arab Petroleum... read more >

02/03/2010 – APICORP’s Annual Review of the Arab Economic and Energy Investment Outlook: A Dim Light at the End of a Long Tunnel In reviewing the economic and energy investment outlook of the Arab world our Jan-Feb Economic Commentary concludes... read more >

02/03/2010 – The Bahrain Oil & Gas Affairs Minister, and Chairman of the National Oil and Gas Authority (NOGA) Visits APICORP Bahrain – Tuesday 23 February, 2010 – His Excellency Dr. Abdul Hussain Mirza, the Bahrain Oil and Gas Affairs... read more >

02/01/2010 – Mr. Al-Nuaimi is Renominated as APICORP’s General Manager The Board of Directors of Arab Petroleum Investments Corporation (APICORP) held its 4th and last meeting for 2009, on Saturday 26th December in Cairo, Arab Republic of Egypt. The meeting... read more >

12/12/2009 – Mr. Al-Adsani is Announced as APICORP’s DGM Arab Petroleum Investments Corporation (APICORP) is pleased to announce the appointment of Mr. Nabeel Ali Al-Adsani as Deputy General Manager .Prior to joining APICORP, Mr. Al-Adsani was department head (Executive Manager)... read more >

09/12/2009 – Realism in an Uncertain World Project assumptions and scrutiny of deals have clearly had to adjust, and the financing net has to be cast wider, Ahmad Bin Hamad Al Nuaimi, Chief Executive and General Manager, APICORP tells Financial... read more >

29/06/2008 – “OPEC: Today’s Market Dilemma and Tomorrow’s Economic Challenge” is the presentation made by Ali Aissaoui, Head of Economics & Research, at the 3rd OPEC Summit (Ministerial Symposium) on 15 November. The presentation provided background support for a panel... read more >

26/05/2008 – “MENA/Arab Macro-economic and Energy Investment Outlooks: Reassessing the Balance of Risks” is the presentation presentation by Ali Aissaoui, Head of Economics & Research, on the occasion of the annual meeting of the Arab Economic Forum (Beirut, 2-3 May... read more >

12/04/2008 – The General Assembly of Arab Petroleum Investments Corporation (APICORP) – an Inter-Arab financial institution affiliated to the Organisation of Arab Petroleum Exporting Countries (OAPEC) – held its 32nd Ordinary Meeting on Saturday 12th April 2008 in the city... read more >

29/12/2007 – The Board of Directors of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) – held its 4th and last meeting for the year 2007 on Saturday 29th December, in... read more >

18/12/2007 – “A MENA macro-economic and energy investment outlook: Sustained growth amid uncertainty” is the presentation made by Ali Aissaoui, Senior Manager of Economics and Research Department at the inaugural meeting of the Arab Energy Club (Beirut, 18 December 2007). The presentation was... read more >

17/11/2007 – APICORP CE&GM Ahmad Bin Hamad Al-Nuaimi stated in an interview with Al-Jezirah daily newspaper that the investment requirements of the petroleum industry sectors in the Arab world exceed US$ 420 billion for the coming 5 years. (See copy... read more >

13/11/2007 – Mr. Ahmad Al-Nuaimi, Chief Executive and General Manager of the Arab Petroleum Corporation today announced that he has decided to nominate Mr. Ali Aissaoui as Head of the newly established Economics and Research department. Announcing the nomination, Mr... read more >

02/10/2007 – The Board of Directors of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) – held its 3rd meeting for the year 2007 on Saturday 29 September in city of... read more >

11/07/2007 – The Board of Directors of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) – held its 2nd meeting for the year 2007 on Saturday 30 June in Damascus, the... read more >

17/05/2007 – Arab Petroleum Investments Corporation (APICORP) has mandated Arab Bank plc, Arab Banking Corporation (B.S.C.), Bank of Tokyo Mitsubishi UFJ, Ltd., Bayern LB, BNP Paribas, Calyon Corporate & Investment Bank, DZ Bank, Fortis Bank SA/NV, Gulf International Bank (B.S.C.),... read more >

07/04/2007 – The General Assembly of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) – held its 31st Ordinary Meeting on Saturday 7th April, 2007 in Cairo, Arab Republic of Egypt.... read more >

23/12/2006 – The Board of Directors of Arab Petroleum Investments Corporation (APICORP) held its 4th meeting for the year 2006 on Saturday 23rd of December 2006, in Cairo, Arab Republic of Egypt. The meeting was chaired by Mr. Abdullah Al-Zaid,... read more >

02/07/2006 – The Board of Directors of Arab Petroleum Investments Corporation (APICORP), – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) – held its 2nd meeting for the year 2006 on Saturday 1st July in Cairo, Arab... read more >

24/04/2006 – APICORP yesterday signed an agreement with EastNets to fully manage the corporation’s payment services. The outsourcing will be done electronically from Eastnets service bureau at the Dubai Internet City building. EastNets will also host the firm’s SWIFT payments.... read more >

01/04/2006 – The General Assembly of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) – held its 30th Ordinary Meeting on Friday 31st March 2006 in Doha, the State of Qatar.... read more >

01/10/2005 – The Board of Directors of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) – held its 3rd meeting for the year 2005 on Saturday 1st October in Cairo, Arab... read more >

25/09/2005 – The Bahrain Monetary Agency (BMA) has granted five licences for a diverse range of banking activities. The new licences were approved this month by HH Shaikh Khalifa Bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain... read more >

16/08/2005 – A line of credit agreement was signed on Tuesday 16 August 2005 in Abu Dhabi, between Arab Trade Financing Program (Program), based in Abu Dhabi, UAE and The Arab Petroleum Investment Corporation (APICORP), a designated national agency of... read more >

07/07/2005 – The Board of Directors of Arab Petroleum Investments Corporation (APICORP), – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) – held its 2nd meeting for the year 2005 on Thursday 7th July in the city... read more >

15/06/2005 – H.E. Ahmad Bin Hamad Al-Nuaimi, Chief Executive and General Manager of Arab Petroleum Investments Corporation (APICORP),accompanied by Dr. Mohamed Abdul-Jabbar, the Senior Economist at the Projects Department will visit Lebanon in response to the kind invitation by H.E.... read more >

13/06/2005 – A high rank delegation from Arab Petroleum Investments Corporation (APICORP) starts its meetings with the Syrian senior officials in the oil, planning, financial and commercials sectors on Monday 13 June. APICORP’s visit to Syria came in response to... read more >

27/04/2005 – Arab Banking Corporation (B.S.C.), The Bank of Tokyo-Mitsubishi, Ltd., BNP Paribas, Calyon, Gulf International Bank B.S.C., Mizuho Corporate Bank, Ltd., Standard Chartered Bank and Sumitomo Mitsui Banking Corporation Europe Limited (the “Mandated Lead Arrangers”) are pleased to announce... read more >

06/04/2005 – The General Assembly of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Oil Exporting Countries (OAPEC) held its 29th Annual Ordinary Meeting on Thursday 7th April, 2005 in Cairo, Arab Republic of Egypt.... read more >

06/04/2005 – The Board of Directors of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) – is pleased to announce the appointment of Mr. Ahmad Bin Hamad Al-Nuaimi, as a new... read more >

13/10/2004 – Mr. Rasheed Al Maraj, the General Manager of APICORP and Mr. Ali Aissaoui of the Project and Trade Finance Department participated to a workshop on Gas Investments in Saudi Arabia held in Riyadh and Jeddah on 12 and... read more >

30/05/2004 – The Arab Petroleum Investments Corporation (APICORP) announces that, its Head Office in Al-Khobar, Saudi Arabia, was attacked by some armed individuals at about 07:15 a.m. on Saturday 29 May 2004. Three fatalities resulted from the attack. The premises... read more >

19/05/2004 – Oman Polypropylene LLC (OPP) has mandated a group of four banks to arrange its US$240 million of limited recourse financing facilities to part finance the construction of its new polypropylene plant. The banks have underwritten the full amount... read more >

10/04/2004 – The General Assembly of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Oil Exporting Countries (OAPEC) – held its 28th Annual Ordinary Meeting on Thursday 8th April, 2004 in Al-Khobar, Eastern Saudi Arabia.... read more >

28/12/2003 – The Board of Directors of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) – held its 4th and last meeting for the year 2003 on Sunday 28th December in... read more >

Education and Professional Qualifications: Knowledge and skills usually required through education/training in administrative or general business skills; At least two years of related work experience; Ability to cope with multi-cultural environment; Expertise with business English and composition and appropriate computer... read more >

23/09/2003 – Oman Polypropylene LLC (OPP) has mandated Arab Petroleum Investments Corporation (APICORP) as Structuring Bank to formulate a suitable financing strategy and structure for OPP’s proposed new polypropylene plant to be constructed in Sohar, Oman. Financial Close is expected... read more >

17/09/2003 – Under the patronage of His Excellency Atef Obeid, Prime Minister of the Arab Republic of Egypt and the presence of H.E. Engineer Sameh Fahmi, the Minister of Petroleum, a join-venture agreement was signed in Egypt on Wednesday 17th... read more >

03/05/2003 – The Annual General Assembly of Arab Petroleum Investments Corporation (APICORP) – an affiliate of the Organisation of Arab Petroleum Exporting Countries (OAPEC) held its 27th meeting on Saturday 3rd May, in Cairo, Arab Republic of Egypt. The shareholders... read more >