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APICORP to Issue Saudi Riyal Benchmark Bond
Alkhobar Published in Saudi Press Agency on 02 - 10 - 2010

The Arab Petroleum Investments Corporation (APICORP) has announced that it is planning to issue a Saudi Arabian Riyal (SAR)-denominated benchmark-sized bond.
APICORP will commence road show meetings next week in Riyadh, Jeddah, and Dammam, according to a latest press release of APICORP, which is owned by 10 Arab states.
APICORP's announcement is primarily aimed at raising funds for expanding the organization's equity and loan portfolios.
The new development came at the backdrop of APICORP's plans to divest its key investments in oil and gas companies and reinvest the proceeds in projects in upstream and midstream sectors of the oil and gas value-chain across the MENA (Middle East and North Africa) region.
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