The Arab Energy Fund, a key financial institution in the MENA energy sector, has announced its highest-ever net income for the fiscal year ending December 31, 2024. The fund recorded an 18% year-on-year (YoY) increase in net income, reaching $266 million, driven by capital gains of $11 million from investment sales.
Total assets grew by 10.5% YoY to $10.9 billion, reflecting the fund’s continued expansion and financial strength.
Commenting on the financial performance, CEO Khalid Ali Al-Ruwaigh stated, “These remarkable results mark the conclusion of a transformative year for The Arab Energy Fund. Our renewed focus on delivering impactful solutions while maintaining strong momentum underscores our commitment to the region.”
Al-Ruwaigh further noted that all business lines contributed significantly to the fund’s performance, adding that its five-year strategy remains central to aligning debt and equity portfolios with the vision of becoming a leading impact investor in the MENA region.
The Arab Energy Fund, backed by ten Arab member countries, plans to enhance its financing solutions, including loans, equity investments, and financial advisory services. Its operations currently span over 35 countries, supporting both public and private sector partners.
In January 2025, the fund unveiled a new brand identity during its 50th-anniversary event, reinforcing its commitment to strengthening energy collaboration and its role as a key convening power in the sector.
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