The Arab Energy Fund completed the acquisition of a minority stake in Arabian Petroleum Supply Company from Haji Abdullah Alireza and Company.

The Arab Energy Fund, a multilateral impact financial institution focused on the energy and utilities sectors, completed the acquisition of a minority stake in Arabian Petroleum Supply Company, a Saudi-based provider of integrated energy solutions from Haji Abdullah Alireza and Company, a diversified Saudi conglomerate. Financial terms were not disclosed. “Apsco represents a unique platform with strong fundamentals and a proven track record in critical energy segments,” Khalid Al-Ruwaigh, The Arab Energy Fund CEO.