Press release
Vienna, Austria 23 June 2026
Memorandum of Understanding Between Saudi EKSAB and OPEC Fund for International Development
Saudi Eksab for International Investments Company and the OPEC Fund for International Development signed a Memorandum of Understanding (MoU), marking a significant step toward establishing a strategic partnership focused on advancing sustainable investments and supporting socio-economic development across frontier and emerging markets.
The MoU was signed by Mr. Yazeed AlYahya, Chief Executive Officer of Saudi Eksab, and Dr. Abdulhamid Alkhalifa, President of the OPEC Fund, The signing ceremony was witnessed by H.E. Mr. Mohammed Aljadaan, Minister of Finance and Chairman of Saudi Eksab.
The agreement was concluded during the OPEC Fund’s 50th anniversary year, underscoring five decades of partnership and development finance. For Saudi Eksab, the collaboration represents a natural extension of its dual mandate: delivering sustainable financial returns while contributing to measurable socio-economic impact in frontier and emerging markets.
The MoU reflects the shared commitment of both institutions to explore cooperation across public, and private sector investments, with a focus on, strategic partnerships, and collaborative investment opportunities aligned with long-term economic resilience and sustainable development
In addition, both institutions aim to strengthen knowledge exchange, institutional collaboration, and capacity-building efforts to support long-term development outcomes and sustainable economic progress across markets of shared interest.
At Saudi Eksab, we believe that sustainable growth is accelerated through strong partnerships and catalytic capital.
Yazeed AlYahya CEO, Saudi Eksab
Our collaboration with the OPEC Fund represents an important step toward advancing investment opportunities that contribute to economic resilience, and long-term prosperity across frontier and emerging markets.
As the OPEC Fund commemorates its 50th anniversary, we remain committed to partnerships that combine capital, expertise and market insight to unlock opportunity, strengthen resilience and support sustainable job creation. This agreement with Saudi Eksab underscores the vital role our member countries, including the Kingdom of Saudi Arabia, continue to play in advancing our development mission. By working together, we can mobilize greater investment, expand access to financing and deliver lasting impact in sectors that are essential to sustainable and inclusive growth.
Dr. Abdulhamid Alkhalifa President of the OPEC Fund for International Development
About Saudi Eksab:
Saudi Eksab is an international investment entity with a dual mandate to deliver positive financial returns and measurable socioeconomic impact. With the aim to unlock the potential in frontier and emerging markets to create shared, global prosperity.
About OPEC Fund for International Development:
The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively.
The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world.
The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education.
To date, the OPEC Fund has committed more than US$32 billion to development projects in over 125 countries with an estimated total project cost of more than US$240 billion.
The OPEC Fund is rated AA+/Outlook Stable by Fitch and AA+, Outlook Stable by S&P. Our vision is a world where sustainable development is a reality for all.
Media contact: media@saudieksab.sa