Bapco Energies wins two international awards

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bapco Energies has received two international awards in recognition for its first sustainability-linked corporate financing facility and contributions to both ESG and the Islamic Finance categories.

Mark Thomas, Group Chief Executive Officer of Bapco Energies said: "We are deeply honoured to have been awarded the Best Islamic Finance Facility and ESG Loan Deal of the Year. These two accolades are a testament to the confidence in our strategy and the growth seen across the company."

He added: "Bapco Energies continues to drive forward by adopting the best practices across sustainable financing, aligning with the Kingdom’s Sustainable Development Goals (SDGs) and Bahrain’s Economic Vision 2030."

The awards follow Bapco Energies' successful refinancing of its USD 1.6 bn Murabaha Facility and upsizing it to USD 2.2 bn.

The new facility, the first of its kind for Bapco Energies and the largest in sustainability-linked finance in Bahrain, was structured as a dual-tranche (conventional and Islamic) sustainability-linked loan.