Tag Archives: The Arab Energy Fund

Business & Investments

The Arab Energy Fund Acquires Minority Stake in APSCO, Supporting Regional Growth in Energy Solutions

Saudi Arabia – 14 Jan 2025 – The Arab Energy Fund (TAEF), a leading multilateral impact financial institution, today announced the acquisition of a strategic minority stake in Arabian Petroleum Supply Company (“Apsco”), one of the largest private-sector energy solutions companies in the Kingdom of Saudi Arabia.

The investment marks the beginning of a strategic partnership focused on jointly exploring growth opportunities and new initiatives across the Middle East, North Africa, and selected international markets, spanning Apsco’s core and adjacent sectors.

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Business & Investments

The Arab Energy Fund reports record financial results, celebrating a transformative year

  • Net income surges by 18% YoY to reach USD 266mn
  • Total assets grew by 10.5% YoY to reach USD 10.9bn
  • Results driven by asset growth, increased efficiencies, and a favorable interest environment

Saudi Arabia, 28 March 2025 – The Arab Energy Fund (formerly APICORP), a leading multilateral impact financial institution focused on the MENA energy sector, today announced its financial results for the fiscal year ending December 31, 2024.

The Fund achieved a record performance with the highest-ever net income, driven by strong asset growth across all business lines, increased efficiencies, and a favourable interest rate environment.

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