APICORP’s 2022 Annual Report wins Silver in the Prestigious ARC Awards, Saba Consultants win Gold and Bronze

Riyadh, Nov 1, 2023 — The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral financial institution, won the Silver prize at the 37th Annual Report Competition (ARC) International Awards for its 2022 annual report.

The prize is in the coveted “Green and Environmentally Sound Annual Report” category. Saba Consultants won Gold for the design of the interior pages of APICORP’s annual report, as well as a Bronze for overall design and graphics. This recognition at the ARC Awards is a testament to the collaborative efforts of APICORP and Saba Consultants, which played a pivotal role in bringing this annual report to life.

This achievement highlights APICORP’s commitment to driving a sustainable and balanced energy transition in the MENA region. The report was printed in limited quantities on recycled paper using food-grade ink and featured a minimalist design.

Raeda Al-Sarayreh, Head of Communication & Sustainability at APICORP, said: “We are extremely proud to receive this recognition from the ARC Awards. It highlights our commitment to transparency, sustainability, and stewardship, and is a testament to our voluntary disclosure culture. We have opted to design our annual report to provide easy access and ensure that our approach to sustainability and focus on green work practices are reflected throughout the report.”

Cyba Audi, Founder and Managing Director of Saba Consultants, commented: “We are honored to have collaborated with APICORP on this project, which reflects our shared commitment to excellence in design. The Gold and Bronze awards are a testament to our dedication to delivering top-notch creative solutions and helping businesses grow through storytelling.”

Dubbed the “Academy Awards of Annual Reports”, ARC Awards is organized by MerComm, Inc., the world’s only independent awards organization dedicated to defining the standards of excellence in the communications fields. The award is globally recognized as the world’s largest annual report competition, providing a platform for the highest standards in the annual report industry. This year, ARC received over 1,560 entries from 34 countries.

Read the award-winning report here.