The Arab Energy Fund (TAEF) has announced a net income of $125.4 million for the first half of 2026, driven by disciplined execution and robust performance across its core business lines.
Total assets of the multilateral impact financial institution rose to $14 billion from $13.4bn at the end of 2025, supported by continued capital deployment in Corporate Banking and Investments. Total shareholders’ equity grew to $3.8bn. Bahrain holds a three per cent stake in the institution, alongside other Arab oil-producing nations.
“Against a challenging regional and global backdrop, we remained focused on disciplined execution, prudent risk management, and supporting our partners across the energy sector,” said chief executive Khalid Al Ruwaigh.
TAEF maintained a capital adequacy ratio of 27.91 per cent as of June 30, with outstanding sukuk and bonds totaling $6.9bn. During the first six months, the fund raised nearly $1.35bn in bond and sukuk issuances, as well as $350m in term financing.
The fund’s chief financial officer Vicky Bhatia added: “This financial strength gives us the flexibility to continue executing our strategy while maintaining prudent risk and liquidity management.”
Across operations, corporate banking assets stood at $6.2bn, treasury and capital markets at $5.42bn, and investments and partnerships at $1.89bn.
Looking ahead, TAEF said it remains focussed on capital deployment targetting energy security, infrastructure, and regional economic growth.
avinash@gdnmedia.bh
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