The Arab Energy Fund (TAEF) reported net income of $125.4 million for the first half of 2026, highlighting resilient performance and disciplined financial management amid a challenging regional operating environment.

For the six months ended 30 June, TAEF’s total assets rose to $14 billion, up from $13.4 billion at the end of 2025, driven by continued activity across its Corporate Banking and Investments businesses.

Shareholders’ equity also increased to $3.8 billion, while the fund maintained a strong capital adequacy ratio of 27.91 per cent.

TAEF’s funding profile remained diversified, with sukuk and bonds totalling approximately $6.9 billion at the end of the period.

During the first half, the fund raised nearly $1.35 billion through sukuk and bond issuances, alongside $350 million in term financing.

Corporate Banking assets reached $6.2 billion, while Investments & Partnerships recorded $1.89 billion.

Treasury and Capital Markets held assets of $5.42 billion and continued supporting the fund’s liquidity and balance-sheet management.

TAEF said it enters the second half of 2026 with a strong financial position and will focus on strategic capital deployment supporting energy security, infrastructure development and long-term regional economic growth.

Khalid Al-Ruwaigh, Chief Executive Officer, The Arab Energy Fund, said: “Our performance during the first half of 2026 demonstrates the resilience of The Arab Energy Fund and the strength of our diversified business model. Against a challenging regional and global backdrop, we remained focused on disciplined execution, prudent risk management and supporting our partners across the energy sector.”

He added: “Our strong balance sheet and capital position provide us with a solid foundation to continue mobilising capital and investing in the region’s evolving energy ecosystem.”

Vicky Bhatia, Chief Financial Officer, The Arab Energy Fund, said: “Our H1 2026 results reflect robust balance sheet management and operational resilience through a period of heightened uncertainty. We delivered net income of $125.4 million while growing our asset base to $14 billion and maintaining a strong capital adequacy ratio of 27.91 per cent. This financial strength gives us the flexibility to continue executing our strategy while maintaining prudent risk and liquidity management.” -OGN/TradeArabia News Service