"Normally our annual both debt and equity financing for new commitments is in the range of, I would say $1.7-2bn US dollars to new projects, be it financed through debt or financed through equity to public and to private sectors sponsors," Ahmed Ali Attiga, Apicorp chief executive said in an interview with
The National.
The Dammam-based lender reported a 3 per cent rise in net income for 2020, it said in a statement on Tuesday.
Net income rose to $115 million from the year-earlier period. Apicorp's performance was supported by significant capital gains from its treasury and capital markets portfolio. The portfolio gained 488 per cent after netting $46m in capital gains last year.