Company Profile
The Arab Energy Fund (TAEF), formerly known as the Arab Petroleum Investments Corporation (APICORP), is a multilateral financial institution established in 1975 by the ten member states of the Organization of Arab Petroleum Exporting Countries. Headquartered in Riyadh, Saudi Arabia, TAEF is dedicated to advancing energy development across the MENA region and beyond, focusing on both traditional hydrocarbons and emerging energy technologies.
In 2023, TAEF rebranded to align with a strategic shift towards sustainable energy solutions, unveiling a five-year plan to invest up to $1 billion in energy transition initiatives, including decarbonization technologies. The fund's commitment to environmental and social governance is evident in its diversified investment portfolio and partnerships aimed at fostering a balanced and secure energy future.
With assets under management reaching approximately $10.9 billion by the end of 2023, TAEF continues to play a pivotal role in financing energy projects. Its shareholder base comprises ten Arab countries, and it maintains a strong credit rating of 'Aa2' by Moody’s, 'AA' by Fitch, and 'AA-' by S&P, reflecting its robust financial position and strategic importance in the region.
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