{"id":28439,"date":"2022-12-20T04:35:50","date_gmt":"2022-12-20T09:35:50","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/apicorp-adopts-bloomberg-solutions-for-enterprise-wide-digital-transformation\/"},"modified":"2024-04-12T10:20:32","modified_gmt":"2024-04-12T14:20:32","slug":"apicorp-adopts-bloomberg-solutions-for-enterprise-wide-digital-transformation","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/apicorp-adopts-bloomberg-solutions-for-enterprise-wide-digital-transformation\/","title":{"rendered":"APICORP adopts Bloomberg solutions for enterprise-wide digital transformation"},"content":{"rendered":"
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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.<\/p>\n

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.<\/p>\n

APICORP\u2019s adoption of Bloomberg\u2019s 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.<\/p>\n

Mohammad Khatib, Director of Information Technology at APICORP, said, \u201cWe are pleased to partner with Bloomberg AIM solutions to support our digital transformation journey to further enhance APICORP\u2019s range of financial services and solutions offerings to accelerate the sustainable transition of the MENA energy sector.\u201d<\/p>\n

Giuseppe Netti, Regional Manager, Financial Products \u2013 Middle East & Africa, Bloomberg L.P., said, \u201cWe 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.\u201d<\/p>\n

Bloomberg\u2019s 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\u2019s post-trade offering streamlines post-trade workflows and reduce operational risk through reconciliation, straight-through processing (STP), settlement exceptions and collateral management solutions.<\/p>\n

-ENDS-<\/p>\n

About APICORP
\nThe Arab Petroleum Investments Corporation (APICORP) is an energy-focused multilateral financial institution established in 1975 by the ten Arab oil exporting countries. APCIORP\u2019s mission is to support the sustainable development of the region\u2019s energy sector and related industries through a range of financing and direct equity solutions, as well as energy research and advisory services. APICORP applies best-practice ESG principles across all operations, with environmental and socially-linked projects comprising 13% of its nearly US $4 bn loan portfolio which encompasses leading public and private sector partners in 25 countries. APICORP is also the only energy-focused financial institution in the MENA region rated \u2018Aa2\u2019 by Moody\u2019s, \u2018AA\u2019 by Fitch and \u2018AA-\u2018 by S&P.<\/p>\n

View APICORP\u2019s ESG Policy Framework here<\/a>
\nFor more information about APICORP, please visit: www.apicorp.org<\/a><\/p>\n

About Bloomberg
\nBloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit bloomberg.com\/company or request a demo.<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\t\t\n\t<\/div>\n<\/div>\n

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Leverage agile frameworks to provide a robust synopsis for high level overviews. Iterative approaches to corporate strategy foster collaborative thinking to further the overall value proposition. Organically grow the holistic world view of disruptive innovation via workplace diversity and empowerment.<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\t\t\n\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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