09/12/2009 – Realism in an Uncertain World
Project assumptions and scrutiny of deals have clearly had to adjust, and the financing net has to be cast wider, Ahmad Bin Hamad Al Nuaimi, Chief Executive and General Manager, APICORP tells Financial Review during a recent interview published in the magazine’s issue of August, 2009. [Article: GN QUARTERLY FINANCIAL REVIEW, August 2009 – pp: 12-13]
Mr. Al Nuaimi retorted to the interviewer’s concerns about the impact of the global credit crunch in the Gulf and where is the banking market now. He shed light on the relations between lenders and borrowers in the current environment and whether or not the targeted sectors have been affected. He also answered the interviewer’s questions about the present players in the sector and the role of Islamic finance in this longer term Environment.
Finally, Mr. Al Nuaimi encapsulated APICORP’s vision for the future to remain the regional leader in the financing of the Arab energy industry and, for that purpose, expand its range of services to its clients. Since inception in 1975, APICORP has built a solid reputation and franchise as a project developer, investor, arranger and financial adviser. The history of the corporation is intertwined with that of the Arab energy industry itself. All our efforts are focused on ensuring that it remains so… at least for the next 35 years.