APICORP signs $75 Million term facility with Alfanar

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five-year Murabaha financing facility of $75 million with Alfanar, a developer and engineering, procurement and construction company in the clean energy space. Alfanar is also a manufacturer of electrical products. The fund will support Alfanar’s renewable energy projects, including a wind project in Spain. Bahrain-based Baker & McKenzie was APICORP’s legal counsel for the financing while Dubai-based Hogan Lovells was adviser to Alfanar.

GET ACCESS TO OUR ARTICLES

Enter your email address