Bapco Energies wins two international awards

Manama, June 11 (BNA): Bapco Energy has won two international awards in recognition of its first sustainability-related corporate financing facility and contributions in the environmental, social, corporate governance and Islamic finance categories.

Mark Thomas, Group Chief Executive Officer of Bapco Energies said: “We are deeply honored to be awarded the best Islamic financing facility and the best ESG loan deal of the year. These two awards are testament to the confidence in our strategy and the remarkable growth across the company.”

He added, “Bapco’s energies continue to move forward by adopting best practices through sustainable financing, in line with the Kingdom’s Sustainable Development Goals (SDGs) and Bahrain’s Economic Vision 2030.”

These awards follow the successful refinancing of Bapco Energy’s $1.6 billion Murabaha facility to $2.2 billion. The new facility, the first of its kind for Bapco Power and the largest for sustainability-related financing in Bahrain, is designed as a dual-tranche sustainability-linked loan (conventional and Islamic).

Rial