Arab Energy Fund Secures $600M in Latest Note Issuance
Deal News | Aug 11, 2025 | White & Case LLP
The global law firm White & Case LLP has successfully advised on the issuance of US$600 million Notes by The Arab Energy Fund, part of its Global Medium Term Note Programme. The Notes, due in 2028, were managed by joint lead managers including Citigroup Global Markets Limited, Commercial Bank of Dubai P.S.C., DBS Bank Ltd., and Emirates NBD Capital. Previously, on February 26, 2025, White & Case also facilitated a similar issuance of US$650 million Notes due 2030 under the same programme. The programme saw its 2024 update with a dealer panel comprising financial giants like Bank of China, Barclays, Citigroup, Crédit Agricole, Emirates NBD, Goldman Sachs, HSBC, J.P. Morgan, and others, all managed by White & Case. This programme and its issuances are listed on Euronext Dublin, indicating the fund's strategic approach towards enhancing its financial framework.
Sectors
- Financial Services
- Legal Services
- Energy
Geography
- United Arab Emirates – The Arab Energy Fund and several participating banks such as Commercial Bank of Dubai and Emirates NBD are based in the UAE.
- United Kingdom – White & Case LLP is involved in the deal with significant operations in London, reflecting the deal's connection to the UK.
- Ireland – The Notes were listed on Euronext Dublin, indicating a geographical connection to Ireland.
Industry
- Financial Services – The issuance of Notes is a financial transaction, involving major banks and financial institutions as joint lead managers and dealers.
- Legal Services – White & Case LLP, a major global law firm, advised on the issuance, showcasing its role in providing legal services for financial transactions.
- Energy – The Arab Energy Fund is involved in the energy sector, which is the focus of the fund raising capital through the note issuance.
Financials
- US$600 million – The value of the Notes issued by The Arab Energy Fund due in 2028.
- US$650 million – The value of earlier Notes issued by The Arab Energy Fund due in 2030.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Arab Energy Fund | Issuer of Notes | Companies | A fund dedicated to investments in the energy sector, seeking capital through the issuance of notes. |
| White & Case LLP | Legal Advisor | Companies | A global law firm advising on the issuance and update of the Global Medium Term Note Programme. |
| Citigroup Global Markets Limited | Joint Lead Manager | Companies | A major financial services company acting as one of the joint lead managers for the notes issuance. |
| Commercial Bank of Dubai P.S.C. | Joint Lead Manager | Companies | A bank based in Dubai participating as a joint lead manager in the issuance process. |
| DBS Bank Ltd. | Joint Lead Manager | Companies | A major financial services group playing a role in the management of the notes issuance. |
| Emirates NBD Capital | Joint Lead Manager | Companies | A financial services company, part of Emirates NBD, participating in the joint management of the note issuance. |