APICORP

Arab Petroleum Investments Corporation

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News & Press Releases:



APICORP ISSUES ITS ANNUAL TOP PICKS FOR ENERGY SECTOR IN 2021

  MENA’s path to economic and energy recovery will continue to be shaped by policy and follow diverging paths Current decade likely to marked by three major global challenges: building a resilient post-pandemic recovery, achieving universal access to sustainable energy... read more >

APICORP’s latest benchmark $750 million bond achieves lowest-ever spread; 2.5x oversubscribed

  Bond issuance will further bolster APICORP’s 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%,... read more >

APICORP extends to ACWA Power a $125 million 5-year term Murabaha facility

January 5, 2021: APICORP, a leading multilateral development financial institution, and ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants worldwide, announce the signing of a $125 million 5-year Shariah-compliant corporate facility to... read more >

MENA Region Holds Strong Potential for Low and Zero-Carbon Sources of Energy

December 29, 2020: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, published today its MENA Power Investment Outlook 2020-2024 highlighting key regional developments and prevalent trends in the power sector over the short and medium terms. Among... read more >

APICORP extends a USD50million revolving construction facility to Yellow Door Energy to finance solar projects

  Financing facility to YDE is in line with APICORP’s 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... read more >

APICORP highlights the economic opportunities and challenges for MENA countries under COVID-19

  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,... read more >

Moody’s affirms APICORP’s ‘Aa2’ credit rating with stable outlook for 2020

  Key drivers include strong capital adequacy, high asset quality and strong asset performance APICORP’s strong liquidity and diversified funding structure have enhanced its financial standing APICORP’s resilience in challenging operating environment underpinned by portfolio diversification and strong quality of... read more >

APICORP Raises an Additional USD250 Million from Existing Bonds

  Dammam, Saudi Arabia – October 21, 2020: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, successfully raised USD250 million through the reopening of existing bonds. Sold at 90 basis points over mid-swaps — the lowest ever... read more >

APICORP: Planned gas investments in MENA jump by 29% compared to last year despite historic global gas demand shock

  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... read more >

APICORP provides USD70.5 mn in financing to development of Phase 5 of the Mohammed bin Rashid Al Maktoum Solar Park

  The financing supports the Corporation’s strategic drive to advance the utilization of the MENA region’s abundant renewable energy resources and help member countries achieve a more sustainable and diverse energy mix Phase 5 of the largest single-site solar park... read more >

APICORP posts USD54.8 million net profit in first half of 2020

  Gross operating income at USD144.7 million and net income at USD54.8 million despite adverse global conditions Balance sheet grew by 10% to reach USD8.1 billion APICORP launched a USD500 million countercyclical support package towards easing the financial pressures of... read more >

APICORP provides USD 50m credit facility to SirajPower for solar energy projects in the Middle East

  Financing facility to SirajPower is in line with APICORP’s strategic drive to support energy diversification and access to sustainable power in MENA region This represents the largest lease-funding platform for distributed solar energy in the GCC   Dammam, Saudi... read more >

APICORP Issues a Benchmark USD750 Million 5-Year Bond

  Financing will bolster APICORP’s business operations, including its countercyclical role in mitigating the impact of the COVID-19 pandemic and oil price fluctuations in the MENA region Issuance attracted more than USD 1.1 billion in orders for the debt sale... read more >

APICORP receives credit rating of ‘AA’ with a Stable Outlook from Fitch Ratings, reflecting strong credit profile and continued growth

  Stable outlook a reflection that APICORP’s credit profile is resilient to negative pressures stemming from the COVID-19 pandemic and oil price shock Key drivers of the rating include APICORP’s intrinsic credit features, excellent capitalization, low risk profile, high credit... read more >

APICORP Bolsters Jordan’s Energy Sustainability and Wider Access to Electric Power with Equity Stake in Jordan Wind Power Company

  Investment is in line with APICORP’s strategic drive to support energy diversification and access to sustainable power in MENA region Investment marks APICORP’s first investment in Jordan and first direct equity investment in a wind energy project APICORP’s acquisition... read more >

APICORP: Total committed and planned investments for 2020-2024 in the MENA’s energy sector in excess of USD792bn

  Committed and planned energy investments in APICORP’s 2020-24 investment outlook amount to USD792bn, a USD173mn drop compared to USD965bn in 2019-2023 The decline in investments is largely attributed to the 2020 triple crisis: the COVID-19 health crisis, the oil... read more >

APICORP participates in financing the first Independent Sewage Treatment Plant in Saudi Arabia

  APICORP provides USD40mn in financing towards Saudi Arabia’s first independent sewage treatment plant in Dammam, sponsored by the private sector Total project facility amounts to USD160mn ISTP Project is worth USD245mn Financing underscores APICORP’s commitment towards supporting Saudi Arabia’s... read more >

Moody’s reaffirms APICORP’s credit rating to ‘Aa2’ with ‘stable’ outlook despite current economic conditions

  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 >

APICORP ANNOUNCES USD 500 MILLION TO MEMBER COUNTRIES IN COVID-19 RECOVERY SUPPORT

  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 >

APICORP GENERAL ASSEMBLY RATIFIES A LANDMARK CALLABLE CAPITAL INCREASE TO USD8.5 BILLION, DEMONSTRATING STRONG SHAREHOLDER SUPPORT AND LONG-TERM COMMITMENT

  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 >

APICORP 2019 FINANCIAL RESULTS DEMONSTRATE STRONG GROWTH MOMENTUM WITH NET INCOME OF USD 112 MILLION

  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 >

APICORP ISSUES ITS ANNUAL TOP PICKS FOR ENERGY INVESTMENTS IN 2020

  Assuming balanced markets and barring other geopolitical events, Brent prices are expected to trade in the USD55-65 range “Wait-and-see attitude” on geopolitical and economic issues loom over market and investors Natural gas, system flexibility and carbon capture, utilisation and... read more >

These are the forces shaping the energy company of the future

With lower returns to shareholders, energy companies may have to turn towards investors that take a long-term view, including sovereign funds Authored by: Leila R. Benali, Ph.D Chief Economist, Head of Strategy, Energy Economics and Sustainability Dammam, Saudi Arabia, 25... read more >

APICORP: USD 70 Billion Decrease in MENA Gas Sector Investments over Next Five Years

  Decrease driven by high global gas output, slowing regional demand and financing issues Petrochemicals investments for 2019-2023 up 50% from previous 2018-2022 outlook Two-thirds of MENA countries to see lower planned investments in their upstream gas sectors Share of... read more >

APICORP: Access to private sector financing and increased energy efficiency amongst key recommendations for sustainable growth of MENA energy sector

  Access to private sector financing for the development of the industry Improved industry regulations to increase investor sentiment and confidence Introduction of carbon pricing to steer industry towards lowering carbon emissions Increased energy efficiency across the value chain to... read more >

APICORP supports development of Algeria’s energy sector through two loan facilities to Sonatrach Petroleum Investment Corporation worth USD 250 million

  Loans to be used to carry out maintenance works on Sonatrach’s refinery in Italy, its first overseas investment in Europe, and purchase of Aramco crude Loans to support Sonatrach’s efforts to diversify energy assets, ensure steady crude oil supplies... read more >

PRESS RELEASE: APICORP invests in Al Khorayef United Holding, supports development of Kuwait’s oil and gas services sector

  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 >

PRESS RELEASE: Moody’s upgrades APICORP’s credit rating to ‘Aa2’ with ‘stable’ outlook reflecting the company’s strong financial progress

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 >

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... 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... 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 charge of APICORP’s finances,... 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 (“Alfanar”), one of the leading developers and... 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 region... 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. The meetings... 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 Moody’s with a positive... 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 and internal communications at APICORP... 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 Shariah-compliant syndicated financing with a total amount... read more >

APICORP’s CHIEF ECONOMIST’S TOP THREE SIGNPOSTS FOR ENERGY INVESTMENTS IN 2019

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 >

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 of a consortium... 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 Benali joined from Saudi Aramco... 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 USD100m investment as part of... read more >

PRESS RELEASE: APICORP Supports Algeria Future Energy

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 >

PRESS RELEASE: APICORP Signs a USD $35-$40 Million Memorandum for Suez Company for Methanol Derivatives

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 >

PRESS RELEASE: APICORP presents its Investment Outlook Report at 11th Arab Energy Conference

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 >

PRESS RELEASE: APICORP becomes key sponsor for the 24th World Energy Congress

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 >

PRESS RELEASE: The Arab Petroleum Investments Corporation (APICORP) issues a $750 million 5-year bond

  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 >

PRESS RELEASE: Impact of new IMO regulations on Arabian Gulf’s oil export dynamics

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 >

PRESS RELEASE: APICORP’s Half Year Profits Exceed US$150 Million

  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)–MANDATE ANNOUNCEMENT★★

  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 >

PRESS RELEASE: Multilateral Institutions Drive Growth in MENA Renewable Energy Sector

  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 >

PRESS RELEASE – APICORP Concludes a Successful Exit of National Petroleum Services (NPS)

  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 >

PRESS RELEASE – MENA Supply: Robust performance amid tense geopolitical environments

  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 >

PRESS RELEASE: APICORP Research – MENA Renewables Maintaining Momentum

  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 >

PRESS RELEASE: APICORP forecasts US$260 billion investment needed to meet MENA electricity demand over next 5 years

  $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 >

PRESS RELEASE: APICORP forecasts almost US$1 trillion for energy investment in MENA region over next 5 years

  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 >

PRESS RELEASE: The Arab Petroleum Investments Corporation (APICORP) issues debut CNH 630 million 3-Year Dim Sum Bond

  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 >

PRESS RELEASE: APICORP deepens ties with Iraq and attends Iraq Petroleum 2018

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 >

CASE STUDY – APICORP’s Sukuk: The bank’s sophomore public US dollar issuance

  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 >

PRESS RELEASE: APICORP issues USD 500 million 5-year Sukuk

  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 >

APICORP NEW SUKUK MANDATE

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 >

Moody’s: APICORP’s credit strengths include its robust capital adequacy and strong shareholder support

  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 >

PRESS RELEASE: APICORP Announces Investment Partnership with Goldman Sachs for Global Energy Co-Investments

  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 >

PRESS RELEASE: MENA Energy Investment Outlook – Cautious Optimism

  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 >

PRESS RELEASE: APICORP invests in Bahrain’s Falcon Cement Company

  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 >

PRESS RELEASE: APICORP completes Al-Jafr agricultural redevelopment project in partnership with Jordan’s Ministry of Agriculture

  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 >

PRESS RELEASE: APICORP Continues to Perform Strongly in First Half of 2016

  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 >

PRESS RELEASE: APICORP arranges USD 100 million financing facility for Egyptian General Petroleum Corporation

  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 >

PRESS RELEASE: APICORP issues USD 300 million 5-year floating rate note in the Taiwan market

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 >

APICORP and Bahri to Launch US$1.5 billion Shipping Fund

  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 >

APICORP completes innovative Sharia-compliant facility in Algeria

  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 >

Press Release: APICORP’s Subscribed Capital Increases by 33% to US$ 2 Billion – Total Income Over US$162 Million in 2015

  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 >

Press Release: APICORP acquires stake in oil services company Ashtead Technology

  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 >

Press Release: MENA Energy Investments Can Reach $900 Billion

  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 >

Press Release: APICORP rings market-opening bell to celebrate listing of USD 500 million Sukuk on Nasdaq Dubai

  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 >

Subsidy Reform and Diversification Key to Overcoming Government Revenue Crunch : Energy Industry Gathers in Bahrain for APICORP Energy Forum

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 >

Press Release: APICORP re-energises Sukuk market with oversubscribed $500 million issuance

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 >

Press Release: Ministers to Meet at APICORP Energy Forum

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 >

Press Release: APICORP Ratings Outlook Considered “Stable” by Moody’s

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 >

Press Release: APICORP Establishes USD 3bn Sukuk Programme

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 >

APICORP Announces Strong 2014 Financial Performance with Total Income Surpassing US$ 150 Million

  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 >

Consortium acquires majority stake in Saudi Mechanical Industries

  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 >

Press Release: APICORP Secures $950 Million through Shariah Compliant Syndicated Financing

  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 >

Press Release: APICORP Participates in USD 200 Million Refinancing deal for National Petroleum Services Group (NPS)

  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 >

Press Release – APICORP: Investments in Arab Energy to Total $685 Billion Over Next Five Years

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 >

Press Release: APICORP Signs Documentary Credit Insurance Policy with ICIEC

  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 >

APICORP CEO Ahmad Bin Hamad Al Nuaimi named Newsmaker of the Year by Lloyd’s List

  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 >

APICORP Increases Stake in Egypt-based EMethanex

  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 >

Press Release: APICORP Advances Investment Diversification With Acquisition of Stake in Saudi-based TAQA

  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 >

Press Release: APICORP 2013 H1 Net Profit Jumps 31% to Reach $66 million

  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 >

Press Release: APICORP Achieves Record Annual Profits for Third Consecutive Year in 2012

  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 >

APICORP Announces Landmark $150 Million Petroleum Shipping Fund

  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 >

APICORP and NATIXIS to fund and syndicate a 2-year USD 200-million prepayment facility between Glencore and Moroccan SAMIR Refinery

  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 >

APICORP Bucks Global Banking Trend with Moody’s Rating Upgrade

  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 >

APICORP 2012 H1 Net Income Surges 24% to Reach $51 million

  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 Expands Energy Trade Finance Services to the Arab World and Beyond

  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 >

APICORP Posts Highest Profit in 36-year History

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 >

APICORP Raises SAR 2.5 billion in Shari’ah-Compliant Syndicated Club Financing

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 >

2012 Economic Commentary

  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 >

APICORP Publishes Record Q4 2011 Results

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 Concludes Another Successful Divestiture

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 >

APICORP Branches Out

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 >

APICORP General Assembly Increases Subscribed Capital by 173% to US$ 1.5 billion

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 >

APICORP Reports Highest Annual Net Profit in its History

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 >

APICORP Partners with IFC to Co-finance Arab-owned Energy Projects in Developing Countries

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 >

APICORP Divests 12 % Stake in Egypt-based ACBC

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 >

APICORP Signs $93 Million Medium-Term Loan Agreement with AMPTC

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 >

APICORP Net Income for First Three Quarters of 2010 Rises 42% y-o-y to $64.31 Million

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 >

APICORP Landmark SAR 2 Billion Debut Bond Oversubscribed Three Times

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 >

Moody’s assigns (P) A1 rating to APICORP bonds

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 >

APICORP to Issue Saudi Riyal Benchmark Bond (Media Coverage)

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 >

APICORP Seeks to Exit Key Equity Investments; Plans to Reinvest Proceeds in New Oil and Gas Sectors

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 >

Moody’s A1 Rating Endorses Underlying Strength of APICORP

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 >

Mr. Al-Nuaimi is heading the Corporation delegation to the 9th Arab Energy Conference

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 >

APICORP Settles its US$ 250 Million Term Loan on Time

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 >

APICORP’s Profits jumped by 245% in the 1st Quarter of 2010 and by 112% at Year-End 2009

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 >

APICORP’s Annual Review of the Arab Economic and Energy Investment Outlook: A Dim Light at the End of a Long Tunnel

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 >

The Bahrain Oil & Gas Affairs Minister, and Chairman of the National Oil and Gas Authority (NOGA) Visits APICORP

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 >

Mr. Al-Nuaimi is Renominated as APICORP’s General Manager

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 >

Mr. Al-Adsani is Announced as APICORP’s DGM

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 >

Realism in an Uncertain World

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 >

APICORP Participates in the 3rd OPEC Summit

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 >

Aissaoui’s Presentation at the 16th Arab Economic Forum Meeting

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 >

APICORP held its 32nd Ordinary Meeting

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 >

APICORP held its 4th and last meeting for the year 2007

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 >

Aissaoui’s Presentation on the Occasion of the Inaugural Meeting of the Arab Energy Club

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 >

Arabs need US$420 billion in petroleum investments for the coming 5 years

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 >

Mr. Aissaoui is Announced as Head of the Newly Established Economics and Research Department

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 >

APICORP held its 3rd meeting for the year 2007

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 >

The Board of Directors of Arab Petroleum Investments Corporation

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 >

APICORP signs a US$400 Million Term Loan Facility

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 >

APICORP held its 31st Ordinary Meeting on Saturday 7th April, 2007 in Cairo, Egypt

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 >

APICORP held its 4th Board Meeting for the year 2006

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 >

APICORP held its 2nd Board of Directors meeting for the year 2006

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 >

APICORP signs a SWIFT Service Agreement

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 >

Press Release

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 >

3rd Board of Directors Meeting for the Year 2005 Cairo, Egypt

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 >

APICORP is Granted An Investment Banking Licence in Bahrain

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 >

APICORP signs a new line of credit agreement

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 >

2nd Board of Directors Meeting for the Year 2005 in Jeddah

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 >

APICORP’s Chief Executive Visits Lebanon

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 >

A High Rank Delegation from APICORP visits Syria and Lebanon

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 >

APICORP’s US$250 Million Five Year Term Loan Facility

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 >

29th General Assembly Ordinary and 1st Board of Directors Meetings for the year 2005 in Cairo

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 >

Board of Directors announces the appointment of Mr. Ahmad Bin Hamad Al-Nuaimi, as a new General Manager of the Corporation

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 >

APICORP’s Participation in Riyadh and Jeddah “Gas Investments in Saudi Arabia” Workshop

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 >

Business as usual at APICORP

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 >

Oman Polypropylene LLC awards financing mandate

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 >

28th General Assembly Ordinary and 1st Board of Directors Meetings for the year 2004 held in Al-Khobar, Saudi Arabia

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 >

4th Board of Directors Meeting, 2003

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 >

Human Resources Specialist – Human Resources Department

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 >

Oman Polypropylene LLC awards Structuring Bank role to Arab Petroleum Investments Corporation (APICORP)

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 >

APICORP signed Alexandria Acrylic Fibers Company joint venture agreement

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 >

27th Annual General Assembly and 1st Board of Directors Meetings for the year 2003 in Cairo

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 >

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