Saudi wealth fund raises year’s third-biggest loan for new deals
- Date: 11-Mar-2021
- Source: Gulf Business
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi wealth fund raises year’s third-biggest loan for new deals
Saudi Arabia's sovereign wealth fund obtained the third-biggest loan of the year so far as it raises money for new investments.
The Public investment Fund (PIF) signed the $15bn multi-currency revolving credit facility with 17 banks from Asia, the Middle East, Europe, the UK and the US, according to a statement on Wednesday.