Latest news with #ArabEnergyFund
Zawya
2 days ago
- Business
- Zawya
Stonepeak rolls out Middle East renewables platform WahajPeak
Stonepeak, the New York-based alternative investment firm managing $76.3 billion in assets, has launched a renewable energy platform in the Middle East to develop utility-scale projects across the region. WahajPeak, will target solar, wind, and battery storage developments across the GCC and broader Middle East. It will be led by Mothana Qteishat, former Vice President at Jinko Power. The launch builds on Stonepeak's partnership with The Arab Energy Fund, with plans to jointly invest $1 billion in energy infrastructure across the region. Stonepeak has launched platforms such as Peak Energy and Synera Renewable Energy in Asia—both focused on the development, ownership, and operation of renewable assets including energy storage. The alternative investment firm opened an office in Abu Dhabi Global Market (ADGM) in September 2024. (Writing by Brinda Darasha; editing by Seban Scaria)
Zawya
26-06-2025
- Business
- Zawya
The Arab Energy Fund successfully prices its inaugural landmark 3-year USD bond
RIYADH – The Arab Energy Fund (TAEF), a leading multilateral impact financial institution serving the MENA energy sector, has successfully priced a USD 600 million, 3-year bond issuance, reflecting strong performance despite a challenging geopolitical backdrop. The transaction attracted significant investor interest, enabling the Fund to upsize the offering from its originally planned USD 500 million. This strong demand resulted in a competitive pricing outcome, which was significantly within the secondary pricing levels. 'This transaction reflects both the strength of our credit profile and the growing confidence global investors place in our strategy and governance,' said Vicky Bhatia, Chief Financial Officer of The Arab Energy Fund. 'Executing this deal under such market conditions is a testament to our investor relationships and disciplined approach to capital markets.' Transaction Highlights: TAEF's inaugural public 3-year bond issuance, supporting the development of a benchmark pricing curve for this tenor. Achieved highly competitive pricing of SOFR +50bps, despite secondary market spreads being significantly wider. Strong demand from global investors, including notable participation from high quality investor base represented by Global Central Banks and SSA institutions. Intra-day execution strategy ensured optimal timing and minimized market exposure. Proceeds from the issuance will support TAEF's business growth plans, in line with its mission to promote energy sustainability, regional economic development, and long-term financial resilience. 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 c.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. Contacts: Communications Department The Arab Energy Fund zarasiddiqui@
Zawya
24-06-2025
- Business
- Zawya
Arab Energy Fund prices 3-year $600mln notes
The Arab Energy Fund (TAEF) has priced its $600 million Reg S 3-year senior unsecured notes at 3.985%, or SOFR mid-swaps plus 50 basis points. Final books were at $1 billion, excluding joint lead manager interest. The notes are issued under TAEF's Global Medium Term Note Programme may follow, subject to market conditions. Initial price thoughts (IPTs) were in the area of SOFR MS + 60bps. Citi, Commercial Bank of Dubai, DBS Bank Ltd., and Emirates NBD Capital are acting as joint lead managers and bookrunners for the transaction. (Writing by Brinda Darasha; editing by Daniel Luiz)
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
