Corporate Banking
Tailored financing solutions supporting energy security and transition across public and private sectors
More than Capital
Corporate Banking is a core driver of the Fund’s mission, delivering tailored financing solutions to public and private entities across the energy value chain. Through three specialized units – Hydrocarbons & Decarbonization, Utilities & Green Finance, and Trade & Structured Commodity Finance – the Fund supports projects that strengthen long-term energy security while accelerating the energy transition. Backed by an AA+ credit rating, Preferred Creditor Status, and deep sectoral expertise, the Fund serves as a trusted partner to both traditional and emerging energy sectors.
Corporate Banking
portfolio size
Share of TAEF
total assets
Project finance share of Corporate Banking portfolio
Hydrocarbons’ share
of the lending book
Products and Services
We finance projects across the entire energy spectrum, recognizing that hydrocarbons, utilities, and decarbonization are all essential for MENA prosperity. Our portfolio is high-quality and highly diversified in terms of industries and geography. This includes upstream oil and gas, midstream infrastructure, and petrochemicals, alongside growing exposure to renewables and emissions reduction technologies.
Project Finance
- Project and asset-based financing for energy infrastructure, utilities, and industrial projects
- Conventional and Shariah-compliant structures tailored to project needs
Trade Finance
- Structured commodity and working capital financing
- Unfunded instruments supporting international energy trade and contractual performance
Financial Advisory Services
- Debt advisory and transaction support, including structuring and syndication, and acquisition financing
- Financial analysis and valuation services, including business and asset valuations and financial feasibility studies
Corporate Banking Team
Nicolas Thévenot
Chief Banking Officer
Bilal Khalid
Head Of Hydrocarbons And Decarbonization
Imran Memon
Head Of Utilities And Green Finance
Nidhal Elmahfoudhi
Head of Trade and Structured Commodity Finance
Related Case Studies
NEOM Green Hydrogen Project (2022)
Mandated Arranger with $100 million in Senior Term Loan Facility and $85 million in ACWA Power-Guaranteed Equity Bridge Loan Facility for the world’s largest green hydrogen project. Located in NEOM’s Oxagon industrial city, the $8.4 billion facility will produce 600 tons per day of green hydrogen and 1.25 million metric tons per year of liquid green ammonia upon operationalization in 2026, powered entirely by 4GW of renewable energy.
million
ADNOC Waste Processing Plants (2023)
Co-Mandated Lead Arranger and Structuring Bank for the $600 million acquisition financing of ADNOC Refining’s two waste processing plants by a Veolia-led consortium. Underwrote half the transaction, enabling hazardous industrial waste treatment capacity of nearly 70,000 tons annually at the Al Ruwais industrial complex.
million
Bapco Energies Pipeline Project (2024)
Provided financing to support BlackRock’s participation in the Bapco Energies Pipeline Project, enhancing midstream infrastructure and regional energy export capacity in a strategic transaction combining multilateral and institutional capital.
million