Diversified Financial Services
Company Overview of Arab Petroleum Investments Corporation
Arab Petroleum Investments Corporation, a multilateral development bank, provides various finance solutions in Saudi Arabia. The company offers project finance solutions; corporate financing solutions for oil, gas, and petrochemical industries; financial advisory services for energy companies; project and trade finance solutions for import and export transactions in the hydrocarbon industry, as well as for the import of industry equipment, machinery, and services; and advisory services to clients for international credit rating. It also provides direct equity investment, treasury and capital market, liquidity management, and market risk management services. The company also operates a bankin...
Dammam Coastal Road
PO Box 9599
Founded in 1975
Key Executives for Arab Petroleum Investments Corporation
Head of Financial Control Department
Head of Operations Department
Executive Vice President of Project & Trade Finance Department
Head of Information Systems Department
Compensation as of Fiscal Year 2014.
Arab Petroleum Investments Corporation Key Developments
Arab Petroleum Investments Corporation Announces Earnings Results for the First Half Ended June 2013
Sep 24 13
Arab Petroleum Investments Corporation announced earnings results for the first half ended June 2013. For the period, the company's net profit grew 31% to $66 million from $51 million in the first half of 2012. The strong profit growth reflects the company's ability to continuously expand income streams while ensuring the optimal funding composition that supports sustainable growth.
Arab Petroleum Investments Corporation Announces Earnings Results for 2012
May 19 13
Arab Petroleum Investments Corporation announced earnings results for 2012. The company reported net profits of $109 million for 2012. The 2012 record profits represent a growth of over 3% from the previous year and further highlight APICORP's record in generating sustainable returns while effectively supporting the Arab energy industry.
Arab Petroleum Investments Corporation Announces $150 Million Petroleum Shipping Fund
Feb 26 13
Arab Petroleum Investments Corporation announced the establishment of APICORP Petroleum Shipping Fund, a landmark $150 million fund aimed at leveraging growth opportunities in the petroleum product tanker charter market. The first investment fund to be established by APICORP, the initiative is also the fund aimed at a specific vessel category. The fund has acquired five medium range (MR) petroleum product tankers. These will be employed in the regional and international tanker market for five years to help meet the projected upsurge in demand for petroleum product carriers. The fund is co-managed by Tufton Oceanic. APICORP Petroleum Shipping Fund is aimed at helping oil and gas companies grow their business while also generating regular yield and returns for the equity investors. In this case, the fund helps companies meet their requirements for petroleum products transportation without burdening their balance sheets. At the same time, the fund provides a mechanism for regional investors to participate in a highly specialized investment class in international marine assets that is not normally open to them.
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