Riyadh – Mubasher: The Arab Energy Fund, formerly known as APICORP, recently announced the successful implementation of the Temenos Arrangement Architecture Consumer Lending and Facilities Lending solution by Systems Arabia, according to a press release.
This move aims to support The Arab Energy Fund's corporate banking by enhancing loan issuance and management, particularly to accommodate products related to sustainability, green initiatives, and Sharia-compliant facilities.
Additionally, the implementation of Temenos solution improves The Arab Energy Fund's ability to manage syndicated loans and the functions effectively.
CSSO of The Arab Energy Fund, Fahad Alshahrani, said: “This implementation marks a pivotal step in our digital transformation journey, significantly enhancing our operational efficiency and service delivery to our clients.”
Alshahrani noted: “This advancement will enhance our efficiency in providing superior lending offerings to our clients and streamline our agency operations.”
Meanwhile, General Manager at Systems Arabia, Rao Hamid, stated: “We are proud to partner with The Arab Energy Fund on this transformation, representing a significant leap forward for lending modernization in the region.”
From his part, William Moroney, Chief Revenue Officer at Temenos, said: “Temenos is honoured to partner with Systems Arabia in supporting The Arab Energy Fund’s journey toward lending modernisation, providing a unified, flexible, and scalable platform for loan servicing.”
Temenos provides the T24 Arrangement Architecture module for Consumer Lending and Facilities Lending (clubbing loans). Notably, The Arab Energy Fund was the first to implement the clubbing feature of the AA module in the MENA region. Historically, the Fund has been one of the first customers of T24 (previously Globus) in the Middle East.
Earlier in 2025, the fund unveiled it led a consortium to acquire a 100% stake in Metito Utilities and provide further growth capital to the global investor, developer and operator of sustainable water management solutions and climate-resilient water assets.
It is worth noting that the new identity of The Arab Energy Fund reflects its dedication to advancing energy security through impactful investments across the Arab world and beyond, marking five decades of dedicated service in the energy sector and reinforcing its vision for transformative investments in the MENA region.
