APICORP Signs $75 Million Term Facility with Saudi-Based Renewable Developer Alfanar

Funding will support Alfanar’s renewable projects

May 14, 2019

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The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five-year Murabaha financing facility worth $75 million with Alfanar Company, a developer and engineering procurement construction (EPC) company for clean energy and manufacturer of electrical products.

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Saumy Prateek

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APICORP Signs $75 Million Term Facility with Saudi-Based Renewable Developer Alfanar

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