• 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.