Net profit reaches USD 125.4mn, reflecting resilient performance amid a challenging operating environment. Operating profit of USD 144.2Mn reflects a YoY growth of over 16%
Total assets reach USD 14.0bn, resulting from continued deployment across Corporate Banking and Investments, supported by steady capital raising. Assets growing by 16% YoY
Strong capital position maintained, with shareholders’ equity of USD 3.8bn and capital adequacy ratio of 27.9%
The Arab Energy Fund (TAEF), a leading multilateral impact financial institution, today announced its financial results for the first half of 2026, demonstrating resilience and disciplined execution amid a challenging and evolving regional operating environment.
For the six-month period ending 30 June 2026, TAEF recorded net income of USD 125.4mn, supported by the strength of its diversified business model, efficient cost management and continued contribution across its core business lines.
The Fund’s total assets reached USD 14.0bn, compared with USD 13.4bn at year-end 2025, reflecting continued deployment across Corporate Banking and Investments. Total shareholders’ equity increased to USD 3.8bn, further reinforcing TAEF’s strong balance sheet and capacity to support its long-term mandate.
Khalid Al-Ruwaigh, Chief Executive Officer, The Arab Energy Fund, said: “Our performance during the first half of 2026 demonstrates the resilience of The Arab Energy Fund and the strength of our diversified business model. Against a challenging regional and global backdrop, we remained focused on disciplined execution, prudent risk management and supporting our partners across the energy sector.”
He added: “Our strong balance sheet and capital position provide us with a solid foundation to continue mobilizing capital and investing in the region’s evolving energy ecosystem.”
TAEF maintained a strong capital position during the period, with a capital adequacy ratio of 27.91% as of 30 June 2026. The Fund also maintained a diversified funding profile, with strong sukuk and bonds totaling approximately USD 6.9 billion at period-end.
Vicky Bhatia, Chief Financial Officer, The Arab Energy Fund, said: “Our H1 2026 results reflect robust balance sheet management and operational resilience through a period of heightened uncertainty. We delivered net income of USD 125.4 million while growing our asset base to USD 14 billion and maintaining a strong capital adequacy ratio of 27.91%. This financial strength gives us the flexibility to continue executing our strategy while maintaining prudent risk and liquidity management.”
Across its core business lines, TAEF delivered strong operational performance during the first half of 2026. Corporate Banking assets reached USD 6.2 billion, while Investments & Partnerships recorded assets of USD 1.89 billion. Treasury and Capital Markets maintained assets of USD 5.42 billion, while continuing to support TAEF’s funding, liquidity and balance sheet management amid evolving market conditions.
During the first half of 2026, TAEF raised nearly USD 1.35 billion through sukuk and bond issuances, alongside USD 350 million in term financing, while continuing to proactively manage its funding and liquidity position.
TAEF enters the second half of 2026 with a strong balance sheet and capital position, maintaining its focus on strategic capital deployment and opportunities that support energy security, infrastructure development and long-term economic growth across the region.
About The Arab Energy Fund
The Arab Energy Fund is a multilateral impact financial institution focused on the MENA energy and utility sectors, established in 1974 by ten Arab oil-exporting countries. The Arab Energy Fund’s mission is to support the energy ecosystem with debt and equity solutions to enable energy security and sustainability and to develop local value chains and services in the MENA region. The Arab Energy Fund creates impact by contributing to economic prosperity and enabling local communities via talent development and knowledge creation. The Arab Energy Fund offers a comprehensive range of funding solutions across the entire energy value chain to leading public and private sector business partners in over 35 markets. The Arab Energy Fund applies best-practice ESG principles across all operations, with environmental and socially linked projects comprising c.25% of its USD 6.38bn loan portfolio. The Arab Energy Fund is the only energy-focused financial institution in the MENA region rated ‘Aa2’ by Moody’s, ‘AA+’ by Fitch and ‘AA-’ by S&P.
