APICORP adopts Bloomberg solutions for enterprise-wide digital transformation

Bloomberg announced that Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral financial institution, has adopted a suite of integrated solutions from Bloomberg to enable company-wide digital transformation.

APICORP is using several Bloomberg solutions across its Treasury and Capital Markets, Investments, Operations, and Risk and Compliance departments, including Bloomberg AIM, a leading buy-side order management system, Bloomberg Vault and Bloomberg Multi-Asset Risk System (MARS). It also expanded its subscriptions to the Bloomberg Terminal for real-time financial data, news and information.

APICORP’s adoption of Bloomberg’s solutions supports its digital transformation project to optimize operations and increase efficiencies through a single seamless, integrated suite of solutions that covers the full trade lifecycle. The solutions enable the corporation to manage the order and execution workflow, meet regulatory requirements, enhance business controls, manage risk, and make more informed trading, hedging and investment decisions.

Mohammad Khatib, Director of Information Technology at APICORP, said, “We are pleased to partner with Bloomberg AIM solutions to support our digital transformation journey to further enhance APICORP’s range of financial services and solutions offerings to accelerate the sustainable transition of the MENA energy sector.”

Giuseppe Netti, Regional Manager, Financial Products – Middle East & Africa, Bloomberg L.P., said, “We are delighted to support APICORP on its digital transformation journey. We are constantly striving to provide clients with technology to help expand capabilities, give them the tools to streamline operations, improve investment and regulatory compliance workflows and aid efficiencies across the board.”

Bloomberg’s Buy-Side solutions deliver front-to-back technology for the investment lifecycle, from decision support and order management, to portfolio management and post-trade services, for some of the largest asset managers, asset owners, and hedge funds. Bloomberg AIM, a leading order management system (OMS), is used by nearly 15,000 professionals at over 900 client firms globally to manage more than $17 trillion in assets. Bloomberg’s post-trade offering streamlines post-trade workflows and reduce operational risk through reconciliation, straight-through processing (STP), settlement exceptions and collateral management solutions.

About APICORP
The Arab Petroleum Investments Corporation (APICORP) is an energy-focused multilateral financial institution established in 1975 by the ten Arab oil exporting countries. APCIORP’s mission is to support the sustainable development of the region’s energy sector and related industries through a range of financing and direct equity solutions, as well as energy research and advisory services. APICORP applies best-practice ESG principles across all operations, with environmental and socially-linked projects comprising 13% of its nearly US $4 bn loan portfolio which encompasses leading public and private sector partners in 25 countries. APICORP is also the only energy-focused financial institution in the MENA region rated ‘Aa2’ by Moody’s, ‘AA’ by Fitch and ‘AA-‘ by S&P.

View APICORP’s ESG Policy Framework here
For more information about APICORP, please visit: www.apicorp.org

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit bloomberg.com/company or request a demo.