APICORP, NBF sign a $108m debt finance facility with Hartree Maritime Partners

  • 11/4/2021
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“The partnership is in line with APICORPs recently launched ESG framework, which re-enforces our commitment to sustainability in the energy sector,” CEO of the company, Ahmed Ali Attiga, commented. The Arab Petroleum Investments Corporation (APICORP) and the National Bank of Fujairah (NBF) have signed a five-year $108 million debt finance facility with Hartree Maritime Partners (HMP). The facility is to be used to finance HMP’s purchase of two eco-friendly large crude carriers that are built by South Korean Daewoo Shipbuilding and Marine Engineering, APICORP said in a statement. “The partnership is in line with APICORPs recently launched ESG framework, which re-enforces our commitment to sustainability in the energy sector,” CEO of the company, Ahmed Ali Attiga, commented. NBF’s CEO, Vince Cook, said: “This is another step in supporting UAE’s national agenda for transformation to a green economy in line with UAE Energy Strategy 2050 and the Dubai Declaration of all banks, cementing NBF’s position as the best financial partner for business.”

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