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Arab Energy Fund posts 18% rise in net income
Gulf Today
|March 30, 2025
The Fund achieved a record performance with the highest-ever net income, driven by strong asset growth across all business lines, increased efficiencies, and a favourable interest rate environment.
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Net income surged by 18% year-on-year (YoY) to reach $266 million and capital gains through the sale of investments amounting to $11 million. Total assets grew by 18.5% YoY to reach $10.9 billion. Khalid Ali Al-Ruwaigh, CEO of The Arab Energy Fund, commented: “These remarkable financial results mark the conclusion of a transforma
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