Ahmad Bin Hamad Al Nuaimi, chief executive and general manager of Arab Petroleum Investments Corp (Apicorp), a multilateral development bank owned by the ten member states of the Organisation of Arab Petroleum Exporting Countries (Oapec), has said the firm plans to exit some of its portfolio investments in regional projects, Gulf News has reported. The move is aimed at diversifying Apicorp's portfolio away from concentrating on oil and gas and the petrochemical projects to shipping to downstream projects. Apicorp has equity stakes in regional firms such as Bahrain National Gas and Arab Drilling and Workover. More than 60% of its assets are in Saudi Arabia and Qatar.