Latest news with #ArabEnergyFund
Business Wire
19-05-2025
- Business
- Business Wire
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
Zawya
19-05-2025
- Business
- Zawya
The Arab Energy Fund and Stonepeak enter $1bln atrategic partnership to advance energy infrastructure across the Middle East
RIYADH, Saudi Arabia & NEW YORK – 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 (TAEF/ The Fund) is a multilateral impact financial institution focused on the MENA energy sector, established in 1974 by ten Arab oil-exporting countries. The Fund's mission is to support the energy ecosystem with debt and equity solutions to enable energy security and sustainability and to develop local value chains and services in the MENA region. TAEF creates impact by contributing to economic prosperity and enabling local communities via talent development and knowledge creation. The Fund offers a comprehensive range of funding solutions across the entire energy value chain to leading public and private sector business partners in over 35 markets. TAEF 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 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 Contacts The Arab Energy Fund Zara Siddiqui zarasiddiqui@ + (966) 138-597325 Stonepeak Kate Beers / Maya Brounstein corporatecomms@ +1 (646) 540-5225
Zawya
19-05-2025
- Business
- Zawya
Stonepeak, Arab Energy Fund greenlight $1bln infrastructure investment in the Middle East
The Arab Energy Fund has partnered with US investment firm Stonepeak to invest $1 billion in energy infrastructure across the Middle East. The partnership will primarily focus on businesses in the energy sector, helping to build infrastructure in the region. Khalid Ali Al-Ruwaigh, CEO of the Arab Energy Fund, said the alliance will help accelerate the development of future-ready energy platforms that contribute to economic growth and energy security in the region. (Writing by Bindu Rai, editing by Seban Scaria)
National Post
14-05-2025
- Business
- National Post
I Squared Capital and The Arab Energy Fund Sign Memorandum of Understanding to Invest in Sustainable Energy Infrastructure Through a New Middle East Infrastructure Strategy
Article content MIAMI — I Squared Capital, a leading independent global infrastructure investment manager, and The Arab Energy Fund (TAEF), formerly known as APICORP, a leading multilateral impact financial institution focused on the MENA energy sector, have signed a non-binding Memorandum of Understanding (MoU) to invest in a dedicated infrastructure investment strategy focused on the Middle East and North Africa (MENA) region. Article content Article content The strategy aims to enhance connectivity across regional and global markets, investing in key infrastructure sectors across the region with the goal of expanding energy infrastructure and supporting regional decarbonization efforts. Article content This partnership will leverage I Squared's global investment platform and extensive expertise in infrastructure investments. The firm's investment philosophy focuses on building businesses through direct engagement with management teams, applying a hands-on approach that drives both operational and commercial success. The collaboration will also deliver enhanced operational leverage, control, and transparency for these projects, while also creating opportunities for like-minded private capital partners from around the world to invest in the region. Article content 'This collaboration with TAEF reflects our shared commitment to advancing sustainable development and accelerating the region's transition through transformative infrastructure investments. It also marks a significant milestone in I Squared's strategic expansion in the Middle East, reinforcing our long-term conviction in the region's potential as a global destination for infrastructure innovation and capital.' Article content 'We look forward to working closely with I Squared Capital as this MOU exemplifies our commitment to fostering impactful investments that drive energy security and sustainability across the MENA region and in our member countries. By anchoring this infrastructure fund, we aim to support energy infrastructure and promote economic diversification — while leveraging our shared deep industry expertise and regional insights.' Article content Today's non-binding MoU is subject to satisfying certain necessary conditions including obtaining all necessary regulatory and internal approvals and fulfilling specified milestones. Article content I Squared Capital is a leading global infrastructure investor managing $45 billion in assets. We build and scale essential infrastructure businesses that deliver critical services to millions of people worldwide. Our portfolio includes over 90 companies operating in more than 70 countries and spanning sectors such as energy, utilities, digital infrastructure, transport, environmental and social infrastructure. Headquartered in Miami, our team of over 300 professionals is based across offices in Abu Dhabi, London, Munich, New Delhi, São Paulo, Singapore, Sydney, and Taipei. Learn more at Article content The Arab Energy Fund is a multilateral impact financial institution focused on the MENA energy sector established in 1974 by 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 35 countries. The Arab Energy Fund applies best-practice ESG principles across all operations, with environmental and socially linked projects comprising 20% of its USD 5.3bn 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. Article content Article content Article content Contacts Article content For media inquiries: Article content I Squared Capital Dominic McMullan / Shelly Hagan info@ Article content Article content Article content
Zawya
28-02-2025
- Business
- Zawya
The Arab Energy Fund completes a landmark issuance of USD 650mn
Riyadh, Saudi Arabia – The Arab Energy Fund (the ' Issuer '), formerly known as APICORP, a leading multilateral impact financial institution focused on the MENA energy sector, has successfully issued a USD 650mn 5-year RegS senior unsecured bond under its Global Medium-Term Note Program. The issuance, rated Aa2 (Stable) by Moody's and AA+ (Stable) by Fitch, was priced at SOFR Mid-Swap (MS) +80 basis points (bps), translating into a 4.900% yield. Strong investor demand allowed The Arab Energy Fund to upsize the transaction from an initial plan size of USD 500mn to USD 650mn, with a final book order of over USD 935mn. The issuance was settled on 26th February 2025, with final pricing set at SOFR MS +80 bps, enabling The Arab Energy Fund to price inside its existing curve as well as at the tighter end of similarly rated SSA peers. Investor participation was high quality and well-diversified. The book-building process concluded with an oversubscription of 1.4 times, with significant demand from central banks, sovereign institutions, financial institutions, and real money managers. Approximately 40% of the orderbook came from outside the MENA region, including strong interest from Asia, Europe, and offshore US investors. Allocations were distributed geographically as follows: 60% to MENA, 25% to Asia/Other and 15% to Europe. By investor type, 52% was allocated to banks, treasuries, and private banks, 38% to central banks, sovereigns and institutions and 10% to asset managers, fund managers, and hedge funds. The issuance also reflects The Arab Energy Fund's strong credit profile as well as the confidence of international investors in its strategic role within the global energy sector. It further enhances The Arab Energy Fund's liquidity position and strengthens its presence in the international capital markets, paving the way for future issuances. The Arab Energy Fund was advised on this issuance by BSF Capital, Doha Bank, First Abu Dhabi Bank, Mashreq, Nomura, and Standard Chartered, acting as Joint Lead Managers and Bookrunners. 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 25 countries. The Arab Energy Fund applies best-practice ESG principles across all operations, with environmental and socially-linked projects comprising 20% of its USD 5.3bn 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.
