APICORP adopts Bloomberg solutions for enterprise-wide digital transformation

Saudi Arabia, 20 December 2022: Bloomberg announced today that Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral financial institution, has adopted a suite of integrated solutions from Bloomberg to enable company-wide digital transformation.

APICORP is using several Bloomberg solutions across its Treasury and Capital Markets, Investments, Operations, and Risk and Compliance departments, including Bloomberg AIM, a leading buy-side order management system, Bloomberg Vault and Bloomberg Multi-Asset Risk System (MARS). It also expanded its subscriptions to the Bloomberg Terminal for real-time financial data, news and information.

APICORP’s adoption of Bloomberg’s solutions supports its digital transformation project to optimize operations and increase efficiencies through a single seamless, integrated suite of solutions that covers the full trade lifecycle. The solutions enable the corporation to manage the order and execution workflow, meet regulatory requirements, enhance business controls, manage risk, and make more informed trading, hedging and investment decisions.

Mohammad Khatib, Director of Information Technology at APICORP, said, “We are pleased to partner with Bloomberg AIM solutions to support our digital transformation journey to further enhance APICORP’s range of financial services and solutions offerings to accelerate the sustainable transition of the MENA energy sector.”

Giuseppe Netti, Regional Manager, Financial Products – Middle East & Africa, Bloomberg L.P., said, “We are delighted to support APICORP on its digital transformation journey. We are constantly striving to provide clients with technology to help expand capabilities, give them the tools to streamline operations, improve investment and regulatory compliance workflows and aid efficiencies across the board.”

Bloomberg’s Buy-Side solutions deliver front-to-back technology for the investment lifecycle, from decision support and order management, to portfolio management and post-trade services, for some of the largest asset managers, asset owners, and hedge funds. Bloomberg AIM, a leading order management system (OMS), is used by nearly 15,000 professionals at over 900 client firms globally to manage more than $17 trillion in assets. Bloomberg’s post-trade offering streamlines post-trade workflows and reduce operational risk through reconciliation, straight-through processing (STP), settlement exceptions and collateral management solutions.