APICORP raises $250mln from existing bonds
The financial institution said demand had been robust, with 40% of investors from outside MENA
ZAWYA - 21-Oct-2020
Arab Petroleum Investments Corporation
Also known as: APICORP Last updated on: 10 February 2020
fast facts
Business SummaryProvides commercial lending and financing services; investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial public offering and underwriting; private equity investments in oil and gas sectors.Country of IncorporationSaudi ArabiaOwnership TypeGovernmentEstablished In1975Primary SectorFinancial ServicesNumber of Employees110Latest News
petrochemicals
MENA gas investments surge to $126bln
Gas demand is expected to grow by approximately 3.8 to four per cent on average compared to six per cent in 2019
Khaleej Times - 17-Oct-2020APICORP sells $250mln in tap of June 2025 bonds
It gave initial price guidance of around 100 basis points over mid-swaps for the "tap" of the June 2025 bonds
Reuters News - 14-Oct-2020Planned gas Investments in MENA jump 29% to $126bln despite pandemic
The impact of COVID-19 is set to accelerate the industrial share of domestic gas demand and petrochemicals demand in the region
ZAWYA - 13-Oct-2020APICORP: Planned gas investments in MENA jump by 29% compared to last year despite historic global gas demand shock
MENA committed gas investments hold steady while planned gas investments reach USD126 bn, a 29% increase compared to last year
Press Release - 12-Oct-2020Contact details
Primary address
Arab Petroleum Investments Corporation Building, Unit No.17201 King Faysal Road
Al Bahar, Al Khubar Area
9599
Saudi Arabia
Dammam
34218-3085
Region
Eastern ProvinceCONTACT
- Tel: +966 13-847-0444
- Fax: +966 13-847-0011
- Fax: +966 13-847-0022
- Email: apicorp@apicorp-arabia.com
- www.apicorp-arabia.com
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