Apicorp Raises $950Mn, Plans Regional Energy Investments

The Arab Petroleum Investments Corporation (Apicorp) has raised $950mn in a two-tranche Shariah compliant financing deal. This “will be used to grow Apicorp’s portfolio of equity investments in regional energy projects,” the bank says.

Apicorp is a multilateral development bank established in 1975 by OAPEC’s 10 member states - Saudi Arabia, UAE, Kuwait, Libya, Iraq, Qatar, Algeria, Bahrain, Syria and...