NBK, PT Kilang Pertamina Internasional sign strategic MoU at ADIPEC 2023

NBK, PT Kilang Pertamina Internasional sign strategic MoU at ADIPEC 2023

KUWAIT: National Bank of Kuwait (NBK), the leading regional bank with presence spanning numerous leading financial center around the word, and PT Kilang Pertamina Internasional (KPI), the refinery arm of PT Pertamina (Persero), Indonesia’s state energy firm and a Fortune Global 500 company, have announced a significant milestone in their collaboration by signing a non-binding Memorandum Of Understanding (MoU) for bilateral and syndicated bank financing facilities.

This agreement was unveiled at the prestigious Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), the world’s most influential gathering for advancing global energy, held in Abu Dhabi from 2-5 October 2023. The non-binding MoU was signed by Zaid Al-Sager, Deputy Head of the International Banking Group at NBK, in the presence of Meshari Bin Salamah, Deputy General Manager and Head of International Corporate & Commercial Real Estate, International Banking Group at NBK, and Andrew Tan, General Manager of NBK Singapore Branch.

Meanwhile, Taufik Aditiyawarm, CEO and president Director of KPI, acted as the signatory on behalf of KPI in formalizing the agreement. The MoU which shall be based on good corporate governance principles reflects a deepening of the strategic partnership between NBK and KPI, marking a significant step towards achieving mutually beneficial financial objectives within the