.jpg?20260109')
The Arab Energy Fund (TAEF) announced a 7 per cent rise in net income to $129 million for the first half of 2025, driven by strong growth across its business lines.
The multilateral financial institution, which focuses on energy security and sustainability in the Mena region, said its total assets grew 15pc year-on-year to $12 billion.
TAEF chief executive Khalid Al Ruwaigh said the results reflected the “resilience of our business model and our unwavering commitment to growth and delivering meaningful impact in the Mena energy sector.”
The fund’s corporate banking portfolio expanded by 12pc to $5.93bn, while its treasury assets climbed 18.3pc to $4.39bn. Investment assets also increased, rising 4.4pc to $1.5bn.
Vicky Bhatia, chief financial officer of TAEF, highlighted the fund’s operational discipline, noting a cost-to-income ratio of 17.9pc and a non-performing loan ratio of 0.3pc.
TAEF’s total shareholders’ equity grew 6.3pc to $3.45bn, with total funding increasing 17.1pc to $8.37bn.
Bahrain holds a 3pc stake in the fund, which was formerly known as the Arab Petroleum Investments Corporation (Apicorp).
&uuid=(email))