The Arab Petroleum Investments Corporation (APICORP) is an energy-focused multilateral financial institution established in 1975 by the 10 Arab oil exporting countries, and is wholly owned by the member states of the Organization of Arab Petroleum Exporting Countries (OAPEC). The company has $20 billion in authorized capital and a balance sheet of over $8 billion, with 85 employees and annual revenue of $182.7 million in 2025.
Headquartered in Dammam, Saudi Arabia, APICORP provides equity investments, project finance, trade finance, advisory and research services to support the Arab energy sector across 25 countries. The company has a USD 4.3bn loan portfolio with environmental and socially-linked projects comprising 17.5% of its portfolio, and is the only energy-focused financial institution in the MENA region rated 'Aa2' by Moody's, 'AA' by Fitch and 'AA-' by S&P.
Recent Leadership & Strategic Updates
In May 2022, APICORP appointed Khalid bin Ali Al-Ruwaigh as CEO, succeeding Dr. Ahmed Ali Attiga. The company rebranded as The Arab Energy Fund (TAEF) at COP 28, unveiling a 2023–2028 strategy with up to $1 billion in planned investments in energy transition and decarbonization technologies.
Facts compiled by Executive Moves from publicly available news and press releases on 26 May 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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