Arab Petroleum Investments Corp (APICORP), the Dammam-based multilateral financial institution focused on energy in MENA, witnessed a 40% YoY surge in net comprehensive income to $164 million in 2022. Despite a volatile macroeconomic backdrop that included a decline in global equity prices, APICORP reported a strong financial performance, which, according to Chairman of APICORP Aabed […]
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Posted inNews
Offsetting carbon, the Halal way
Nicolas Thévenot, managing director of corporate banking at APICORP, discusses the company’s $75 million Shariah-compliant facility for voluntary carbon offsets
Posted inEnergy Transition
APICORP to set up $75 million Islamic facility for carbon offsets
Debut Islamic transaction will fund high-quality carbon offsets to support the global energy transition
Posted inEnergy Transition
APICORP, Nogaholding to collaborate on ESG and green finance solutions
Both companies will work closely to strengthen corporate sustainability and ESG practices
Posted inNews
APICORP posts H1 2022 financial results; achieves $52mn net income
APICORP’s net income from operations grew significantly to $97.9mn in H1 2022 from $40.7mn in H1 2021
Posted inPeople
APICORP appoints Khalid bin Ali Al-Ruwaigh as its new CEO
“I am excited to join APICORP and be part of its transformational journey,” Khalid bin Ali Al-Ruwaigh said on his new role as the company’s CEO
Posted inEnergy Transition
At the centre of the energy transition
Ahmed Ali Attiga, the chief executive officer of Arab Petroleum Investments Corporation (APICORP) sits down to explain the role that Middle East will need to play through the energy transition