Projects and Investments
Projects are chosen by First Energy Bank (FEB) that encompass all facets of energy investment and production. FEB focuses on projects that will both enhance the sector and offer to our investors the greatest opportunities for success and prosperity. The core of FEB’s business is within the Middle East and North Africa (MENA) region, and […]

Read more

NEOCHIM AD
In the fourth quarter of 2013, the Bank together with Borealis AG formed a joint venture in Bulgaria, FEBORAN AD. The joint-venture company purchased 20.3% of the shares of Neochim AD which is Bulgaria’s leading producer and distributor of fertilizers; it operates one ammonia  […]

Read more

KORE COAL FINANCE B.V.
In December 2013, the Bank signed a Euro 25 million Murabaha facility with Kore Coal Finance B.V., established in the Netherlands and a subsidiary of Sapinda Holding B.V. The Murabaha facility has been structured on the basis of an attractive return and will be repaid by October 2016. FEB is acting as the Investment Agent and the Security Agent under this Murabaha financing […]

Read more

MENADRILL INVESTMENT COMPANY
MENAdrill is the first and principal investment of FEB, which was incorporated in August 2008 soon after the formation of FEB.  Towards the end of the first quarter of 2012, MENAdrill became a subsidiary of FEB. […]

Read more

ARAB DRILLING AND WORKOVER COMPANY (ADWOC)
In 2009 FEB acquired a 40% stake in the Arab Drilling and Workover Company (ADWOC), one of the leading oil and gas onshore contract drilling and workover companies based out of Libya. […]

Read more

AL-DUR POWER AND WATER COMPANY B.S.C. (C)
During 2009, FEB successfully completed approximately 9% stake acquisition in the Al Dur Independent Water and Power Project (IWPP). This co-investment with GDF SUEZ META and Gulf Investment Corporation is part of FEB’s strategy of building up a book of top quality energy related infrastructure assets. […]

Read more

FEB-NOVUS AIRCRAFT HOLDING LTD – MALAYSIA AIRLINES
In 2012, FEB successfully closed a Purchase and Lease Transaction of A330-300 Aircraft to Malaysia Airlines, the flag carrier of Malaysia and one of the world’s leading airlines. FEB partnered […]

Read more

AL IZZ ISLAMIC BANK, OMAN
FEB through its wholly owned subsidiary First Energy Oman is one of the founding Promoters of Al Izz, which received its license from the Central Bank of Oman (CBO) on September 5, 2013. Al Izz […]

Read more

FUJAIRAH NATIONAL CONSTRUCTION COMPANY LLC
In July 2015, FEB leased a labor accommodation building from Fujairah National Construction Company LLC built on a plot located in Dubai Investment Park II (DIP), under a Sharia’a compliant structure. The asset was then sub leased back to Fujairah National Construction Company LLC, a well-established UAE construction company […]

Read more

ADCAN PHARMA LLC
In July 2015, FEB acquired a 40% equity stake equity stake in ADCAN Pharma LLC. ADCAN Pharma LLC is an Abu Dhabi based company and will primarily comprise medicine production. ADCAN Pharma LLC will be a specialist in the fast-growing therapeutic area of diabetes, and chronic medicine disease such  […]

Read more

MEDISAL FOR PHARMACEUTICALS INDUSTRY LLC
In July 2015, FEB acquired a 45% equity stake in Medisal for Pharmaceuticals Industry L.L.C. (Medisal). Medisal is an Abu Dhabi based pharmaceutical company focused on producing intravenous solutions (IV) and eye drops for local and regional markets. Medisal’s factory has modern production lines with high-specifications.  […]

Read more