The Arab Energy Fund records highest-ever net income for the second year in a row

• Net income surges by 51% YoY to reach USD 225mn
• Total assets grew by 12% YoY to reach USD 9.88bn
• Results driven by asset growth and a favorable interest environment

Saudi Arabia, 20 March 2024 – The Arab Energy Fund “TAEF” (previously APICORP) a multilateral impact financial institution focused on the MENA energy sector, today announced the financial results for the fiscal year that ended on December 31, 2023.

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