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FINANCIAL NEWS
APICORP closes USD267 m facility
28 Apr 2014
(MENAFN) Arab Petroleum Investments Corporation (APICORP), the multilateral development bank of the 10-member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), has recently closed a USD267 million worth bilateral Shariah-compliant facility from a Saudi major Islamic bank, according to Arab News.
The facility aims to boost the medium-term funding of APICORP, and extends over five years.
Ahmad bin Hamad Al-Nuaimi, CEO and general manager of APICORP, said: “This loan reiterates APICORP”s track record as a benchmark institution to deal with the banking community.”
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BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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