01 June 2019

The Arab Petroleum Investments Corporation (Apicorp) has signed a strategic five-year Murabaha financing facility worth $75 million with Saudi-based alfanar Company, a top developer and EPC for clean energy and manufacturer of electrical products.

The financing was signed in support of alfanar’s renewables energy projects, including the wind project in Spain. According to Jamal Wadi, chief executive officer, alfanar Global Development, alfanar is committed to further double its portfolio in the next few years. The signing of the Murabaha agreement with Apicorp brings it a step closer to realising its  commitment. 

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• Apicorp financing for alfanar
• Powerful Hannover showcase for alfanar
• In brief

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