
The Arab Energy Fund and Stonepeak Enter $1 Billion Strategic Partnership to Advance Energy Infrastructure Across the Middle East
RIYADH, Saudi Arabia & NEW YORK--(BUSINESS WIRE)--The Arab Energy Fund (formerly APICORP), a leading multilateral impact financial institution focused on the MENA energy sector, and Stonepeak, the world's largest independent infrastructure firm and leading US infrastructure investor, today announced that they have entered into a strategic partnership to invest in energy infrastructure across the Middle East.
The partnership will primarily focus on businesses in the energy sector, supporting efforts to build critical infrastructure in the region.
'This strategic alliance marks a defining step in our mission to mobilize global capital into the region's evolving energy landscape,' said Khalid Ali Al-Ruwaigh, Chief Executive Officer of The Arab Energy Fund. 'With Stonepeak as a partner, we aim to accelerate the development of resilient, future-ready energy platforms that contribute to economic growth and energy security across the Middle East.'
'This partnership reinforces our long-term strategy to back high-quality energy assets in collaboration with experienced global investors,' said Maheur Mourali, Chief Investment Officer of The Arab Energy Fund. 'Stonepeak brings world-class expertise and alignment with our vision to deliver both impact and value through disciplined investment in essential infrastructure.'
'The Middle East has made energy diversification a key priority, with Saudi Arabia and other nations throughout the region setting ambitious targets,' said Mike Dorrell, CEO, Chairman, and Co-Founder of Stonepeak. 'We are thrilled to be partnering with The Arab Energy Fund to build and create businesses in the region focused on this mission-critical sector.'
'This partnership will support the continued growth and evolution of the region's energy sector,' added Hajir Naghdy, Senior Managing Director and Head of Asia and the Middle East at Stonepeak. 'With our local presence in the region and deep expertise in the global energy sector, Stonepeak is well-positioned to contribute meaningfully to this exciting partnership.'
About The Arab Energy Fund
The Arab Energy Fund is a multilateral impact financial institution focused on the MENA energy sector established in 1974 by the ten Arab oil-exporting countries. The Arab Energy Fund's mission is to enable a secure and sustainable energy future for the region through a comprehensive range of financing and direct equity solutions and expert advisory services across the entire energy value chain to leading public and private sector business partners in over 35 markets. The Arab Energy Fund applies best-practice ESG principles across all operations, with environmental and socially linked projects comprising 20% of its USD 5.8bn loan portfolio. The Arab Energy Fund is the only energy-focused financial institution in the MENA region rated 'Aa2' by Moody's, 'AA' by Fitch and 'AA-' by S&P.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
15 minutes ago
- Business Wire
KBRA Assigns Preliminary Ratings to Angel Oak Mortgage Trust 2025-7 (AOMT 2025-7)
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to six classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2025-7 (AOMT 2025-7), a $350.2 million non-prime RMBS transaction. The underlying collateral, comprised of 722 residential mortgages, is characterized by a significant concentration of loans underwritten using alternative income documentation. All the loans are either classified as non-qualified mortgages (55.2%) or exempt (44.8%) from the Ability-to-Repay/Qualified Mortgage rule due to being originated for non-consumer loan purposes. Angel Oak Mortgage Solutions originated 67.4% of the pool, with no other originator comprising over 10% of the collateral. KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assessment of the transaction's legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology. To access ratings and relevant documents, click here. Click here to view the report. Related Publications Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009736
Yahoo
33 minutes ago
- Yahoo
EDC supported more than 27,800 businesses and facilitated more than $123 billion intrade-related activities
Canada's export credit agency releases its 2024 business results and ESG performance reports OTTAWA, ON, June 9, 2025 /CNW/ - Today, Export Development Canada (EDC) released its 2024 Integrated Annual Report, highlighting how the organization helped its customers grow their business beyond Canada to seize the vast trade opportunities that await them in the global marketplace. The report is complemented by additional environmental, social and governance (ESG) disclosures: 2024 Climate-Related Disclosure, and the 2024 Sustainable Bond Impact Report. In 2024, exporters faced a complex and rapidly evolving economic environment. During this period, EDC expanded its presence in key Indo-Pacific markets to support the trade diversification of Canadian exporters. EDC invested in medium-sized Canadian exporters, sharpening its focus on priority sectors, and maintained a strong commitment to sustainable and responsible business practices. "In 2024, global economic softness weighed on Canadian exporters. Slow domestic growth, higher-for-longer interest rates and slowing labour markets strained the economic outlook in many countries," said Alison Nankivell, EDC's President and CEO. "Those challenges, coupled with new market uncertainties towards the end of the year, have energized our customers to transition from continental to global traders as we strive to make it easier for them to secure new international business opportunities. This renewed interest in trade diversification and EDC's solutions have increased since the start of this year given the evolving nature of U.S. trade policies, and we're stepping up to support them." In 2024, EDC supported more than 27,800 customers with financial and knowledge solutions, with the vast majority being small and medium-sized businesses. We facilitated a total of $123.4 billion in exports, foreign investment and trade development activities, including $23.4 billion in business in emerging markets. This support contributed to over 475,800 domestic jobs and helped to generate $87 billion of Canada's GDP. "During an uncertain economic environment, we strategically deployed capital and took on risk to help more Canadian companies reach global markets—and we are continuing to do so in response to the current climate," said Scott Moore, EDC's Executive Vice-President and Chief Financial Officer. "We're motivated by findings that Canadian companies supported by EDC generate 23% more revenues, employ 16% more workers and are 6% more productive, according to our latest study with Statistics Canada." In 2024, EDC's net income increased to $915 million from $450 million in 2023. This was driven by higher net revenue, combined with unrealized gains on financial instruments carried at fair value. Our growing presence in the Indo-Pacific In 2024, EDC added three new representations in the Indo-Pacific, increasing the total number of representations to 11 in the region, including its Singapore branch. EDC opened representations in Ho Chi Minh City, Vietnam, Manila, Philippines, and most recently, Bangkok, Thailand (in 2025) to offer in-market support to attract more Canadian companies to the booming region and help them navigate local market complexities. EDC supported 1,529 customers and facilitated $13 billion in business volumes in the Indo-Pacific region in 2024. It also signed memorandums of understanding with several export credit agencies and market leaders to enable strong market access for Canadian exporters. Our support for Canada's medium-sized exporters and key sectors In 2024, we continued our strategic objective to support the international growth of Canada's medium-sized companies. In 2024, we served 1,175 medium-sized Canadian companies across our financial solutions. EDC is focusing on Canadian sectors that provide net-new growth for Canada, namely agri-food, critical minerals, the energy transition, advanced manufacturing and digital industries. Its goal is to highlight Canada's strengths on the global stage and improve trade competitiveness. For example, in the agri-food sector, EDC served 3,201 customers throughout the year, facilitating $21.7 billion in business. As a leading financier of Canada's cleantech industry, EDC served 500 cleantech customers in 2024, enabling $9.7 billion in business facilitated. Our commitment to responsible business Throughout the year, EDC maintained its commitment to responsible business. In 2024, we issued our sixth green bond valued at US$ 1 billion, helping to further attract capital for climate-focused investment and support for projects that generate positive environmental outcomes. Additionally, we deployed $1.3 billion in financing for 56 renewable energy projects. Through our inclusive trade efforts, we offered targeted support for Canadian companies owned by members of equity-seeking groups, focusing on companies owned by women and Indigenous people. This effort served 3,816 financial and non-financial customers and facilitated $2.5 billion in business and trade activities. For more information, read the 2024 Integrated Annual Report and the suite of supplemental ESG reports. About EDC Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians. For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit SOURCE Export Development Canada View original content to download multimedia: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
an hour ago
- Yahoo
KBRA Assigns Preliminary Ratings to ExteNet Issuer, LLC, Series 2025-1 Senior Secured Notes
NEW YORK, June 09, 2025--(BUSINESS WIRE)--KBRA assigns preliminary ratings to the Series 2025-1 Class A-2 Notes, Class B Notes, and Class C Notes (the Series 2025-1 Notes) from ExteNet Issuer, LLC, (the Issuer), a communications infrastructure securitization. ExteNet 2025-1 represents ExteNet Issuer, LLC's (the Issuer) third securitization following the initial Series 2019-1 Notes. The transaction structure is a master trust, and as such, the indenture permits the issuance of additional classes and series of notes subject to certain conditions including rating agency confirmation. The proceeds from the sale of the Notes will primarily be used to fund certain expenses and accounts, and for general corporate purposes, including for distribution to ExteNet to repay a portion of the indebtedness under their existing credit facility. To access ratings and relevant documents, click here. Click here to view the report. Related Publication ExteNet Issuer, LLC, Series 2024-1 New Issue Report Methodologies ABS: Communications Infrastructure Securitization (CIS) Global Rating Methodology Structured Finance: Global Structured Finance Counterparty Methodology ESG Global Rating Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009474 View source version on Contacts Analytical Contacts Matthew Gardener, Senior Director (Lead Analyst)+1 Xilun Chen, Managing Director+1 Fred Perreten, Managing Director+1 Kenneth Martens, Managing Director (Rating Committee Chair)+1 Business Development Contact Arielle Smelkinson, Senior Director+1 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data