Transformative technology enhances lending capabilities and operational efficiency 
 

Riyadh, Saudi Arabia, January 2024—The Arab Energy Fund, TAEF formerly known as APICORP, a leading multilateral impact financial institution, announces the successful implementation of Temenos Corporate Lending in partnership with Systems Arabia. This transformation involved migrating over 350 syndication contracts from the legacy Syndication Lending module to Temenos’ Corporate Lending platform, marking a significant step forward in modernizing The Arab Energy Fund’s financial operations. 

Backed by its ten Arab member countries, The Arab Energy Fund is poised to expand its offerings in financing solutions, including loans, equity investments, and financial advisory services, serving both public and private sector partners across more than 35 countries.  

The implementation of Temenos Corporate Lending, powered by the flexible Arrangement Architecture (AA) framework and extensive set of open APIs will support The Arab Energy Fund's Corporate and Investment Banking Portfolio by enhancing loan issuance and management, particularly to accommodate products related to sustainability, green initiatives, and Sharia-compliant facilities. Additionally, it improves the Fund's ability to manage syndicated loans and streamline complex lending processes, ensuring greater transparency and efficiency across the entire loan lifecycle. 

This implementation marks a pivotal step in our digital transformation journey, significantly enhancing our operational efficiency and service delivery to our clients., This advancement will enhance our efficiency in providing superior lending offerings to our clients and streamline our agency operations.

Fahad Alshahrani

CSSO of The Arab Energy Fund

We are proud to partner with The Arab Energy Fund (TAEF) in this transformation, representing a significant leap forward for corporate and investment modernization in the region. By successfully migrating to Temenos for corporate lending, we’ve demonstrated the power of combining innovative technology with deep industry expertise. At Systems, we are committed to delivering impactful digital transformations that enable our clients to unlock their potential, drive innovation, and set new standards for operational excellence.

Rao Hamid Khan

General Manager, Systems Arabia and Bahrain

Temenos is honored to partner with Systems Arabia in supporting The Arab Energy Fund’s journey toward lending modernization with Temenos Core for Corporate, which provides a unified, flexible, and scalable platform for efficient loan servicing. By adopting Temenos Corporate Lending, The Arab Energy Fund is now well-positioned to manage the entire lending lifecycle with enhanced operational efficiency, accelerated growth, and the ability to deliver greater value to their clients.

William Moroney

Chief Revenue Officer, Temenos

This implementation marks a key milestone in The Arab Energy Fund’s modernization journey, powered by Temenos Corporate Lending and the expertise of Systems Arabia, enhancing efficiency and growth potential.