The Arab Energy Fund Acquires Minority Stake in APSCO

The Arab Energy Fund (AEF) has acquired a minority stake in Arabian Petroleum Supply Company (APSCO), a prominent energy solutions provider in Saudi Arabia. This investment signifies AEF's commitment to supporting regional growth within the energy sector and establishing a strategic partnership with APSCO. The collaboration aims to explore new growth opportunities and initiatives across the Middle East, North Africa, and select international markets, leveraging APSCO's established presence in aviation fuels, lubricants, and retail automotive services. This deal is strategically important for both parties. AEF gains access to APSCO's established infrastructure and market position in Saudi Arabia, enabling them to expand their influence in the regional energy landscape. APSCO, in turn, benefits from AEF's financial backing and regional network, facilitating its expansion plans and the development of new energy solutions. The partnership is poised to capitalize on the growing demand for diverse energy solutions across the Middle East and North Africa.