Bapco Energies wins multiple awards

TDT | Manama                                                

The Daily Tribune – www.newsofbahrain.com     

Bapco Energies received two international awards in recognition for its first sustainability-linked corporate financing facility and contributions to both ESG and the Islamic Finance sector.

The Company was awarded the Best Islamic Finance Facility Award, during the 15th edition of the EMEA Annual Achievement Awards 2022 and ESG Loan Deal of the Year from the GFC Media Group at their annual Bonds, Loans & Sukuk Middle East Awards.

The awards follow Bapco Energies successful refinancing of its USD 1.6 bn Murabaha Facility and upsizing it to USD 2.2 bn.

Hailing the awards, Group Chief Executive Officer of Bapco Energies, Mark Thomas, said: “These two accolades are a testament to the confidence in our strategy and the growth seen across the company.”

Jamal Al Kishi, CEO of Gulf International Bank, said: “The success and uptake for this loan attests to the strong appetite from investors for such instruments and underscores market confidence in Bapco Energies vision and strategy for a more sustainable energy future.”

Ahmed Abdelaal, Group Chief Executive Officer of Mashreq, said Mashreq loosk forward to playing an integral role in supporting Bapco Energies future sustainability-linked projects.”

Rami El Rifai, General Manager and Senior Executive Officer at Al Ahli Bank of Kuwait DIFC branch, which is regulated by Dubai Financial Services Authority, said: “These awards serve as a validation and affirmation of our dedication to ESG initiatives and our efforts toward an environmentally friendly future.”