Apicorp records 51% income growth in 2023

Arab Petroleum Investments Corporation (Apicorp) saw its net income rise 51% y-o-y to USD 225 mn (AED 826 mn) in FY 2023, according to its financial statements (pdf). Total assets also increased to USD 9.9 bn (AED 36 bn), marking a 23% y-o-y increase compared to 2022.