The Arab Energy Fund, a leading financial institution in the MENA energy sector, reported its highest-ever net income for the fiscal year ending December 31, 2024, marking a transformative year for the organization.

Net income rose 18% year-on-year to $266 million, driven in part by $11 million in capital gains from investment sales. Total assets also increased by 10.5% year-on-year, reaching $10.9 billion, highlighting the Fund’s growing financial strength.

“These remarkable financial results mark the conclusion of a transformative year for The Arab Energy Fund,” said CEO Khalid Ali Al-Ruwaigh. “Our renewed focus on delivering impactful solutions while maintaining strong momentum underscores our commitment to the region.”

He noted that all business lines played a key role in the Fund’s strong performance, guided by its five-year strategic plan for expansion.

“We continue building a solid foundation for the future, aligning our debt and equity portfolios with our vision of becoming a pre-eminent impact investor in the MENA region and supporting a more resilient energy ecosystem.”

Backed by ten Arab member countries, the Fund is broadening its financing offerings—including loans, equity investments, and financial advisory services—to support public and private sector partners in more than 35 countries.

In January, during its 50th-anniversary celebration, the Fund unveiled a new brand identity, reaffirming its commitment to advancing energy cooperation and strengthening its role as a regional convener.