Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) issues a benchmark USD750 million 5-year bond

The latest issuance, part of APICORP’s USD3 billion Global Medium-Term Note (GMTN) program, will bolster the corporation’s business operations

Financing will bolster APICORP’s (www.APICORP.org) 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 from over 40 investors of various types; At 1.46% per…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) receives credit rating of ‘AA’ with a Stable Outlook from Fitch Ratings, reflecting strong credit profile and continued growth

Fitch assesses APICORP’s access to capital markets and alternative sources of liquidity as ‘strong’

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 quality of its borrowers and strong risk management practices; Fitch assesses…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) bolsters Jordan’s Energy Sustainability and wider access to Electric Power with Equity Stake in Tafila Wind Farm

Investment marks APICORP’s first investment in Jordan and first direct equity investment in a wind energy project

Investment is in line with APICORP’s (www.APICORP.org) 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 of 20% equity stake in Jordan Wind Project Company supports…

Arab Petroleum Investments Corporation (APICORP)
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Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP): Total committed and planned investments for 2020-2024 in the MENA’s energy sector in excess of USD792bn

The decline in investments is largely attributed to the 2020 triple crisis: the COVID-19 health crisis, the oil crisis, and a looming financial crisis

Committed and planned energy investments in APICORP’s (www.APICORP.org) 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 crisis, and a looming financial crisis; Investments are driven primarily…

Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) participates in financing the first Independent Sewage Treatment Plant in Saudi Arabia

Financing underscores APICORP’s commitment towards supporting Saudi Arabia’s Vision 2030 and the Kingdom’s sanitization infrastructure

APICORP (www.APICORP.org) 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 Vision 2030 and the Kingdom’s sanitization infrastructure. The Arab Petroleum…

Arab Petroleum Investments Corporation (APICORP)
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Source: Arab Petroleum Investments Corporation (APICORP) |

Moody’s reaffirms Arab Petroleum Investments Corporation (APICORP)’s credit rating to ‘Aa2’ with ‘stable’ outlook despite current economic conditions

Rating reaffirmation based on strong capital adequacy, high asset quality and strong asset performance

APICORP (www.APICORP.org) 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 in challenging operating environment due to portfolio diversification and strong…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

APICORP announces USD 500 million to member countries in COVID-19 Recovery Support

APICORP will also expand its trade finance support to its Member Countries within the broader objective of reducing the fiscal and current account pressures

The Arab Petroleum Investments Corporation (APICORP) (www.APICORP.org), 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 the region in the energy sector mitigate the impact resulting from the COVID-19 pandemic as well…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) General Assembly ratifies a Landmark Callable Capital Increase to USD8.5 Billion, Demonstrating Strong Shareholder Support and Long-Term Commitment

The increase in the capital reinforces long-term commitment towards APICORP’s sustainable growth plans for the benefit of its member countries

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 fully paid capital; Announcement follows APICORP’s (www.APICORP.org) 2019 financial results, which…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

APICORP 2019 Financial Results demonstrate Strong Growth Momentum with Net Income of USD 112 million

Net recurring income increased by 17% between 2018 to 2019 from USD 96 million to USD 112 million

Balance sheet grew by 5.7% to USD 7.35 billion; net recurring income increased by 17% between 2018 to 2019 from USD 96 million to USD 112 million; upgrade by Moody’s in October 2019 to ‘Aa2’ with a stable outlook; approval of five-year strategy to align with the evolving energy landscape…

Source: Arab Petroleum Investments Corporation (APICORP) |

The Arab Petroleum Investments Corporation (APICORP) issues its Annual Top Picks for Energy Investments in 2020

“Wait-and-see attitude” on geopolitical and economic issues loom over market and investors

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 storage (CCUS) solutions and service sector require investment support to facilitate…