Saudi Arabia to Host World’s Largest Sovereign Fund for Green Issuances

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Saudi Arabia

Saudi Arabia to Host World’s Largest Sovereign Fund for Green Issuances

The governor of the Saudi Arabia’s Public Investment Fund and Saudi Aramco chairman, Yasir Al Rumayyan, stressed Tuesday that the Kingdom is moving forward in reinforcing long-term sustainability.

The kingdom’s sovereign wealth fund will issue a green sukuk soon, affirmed Al Rumayyan.

“We will be the first sovereign wealth fund to issue green debt. Some of our portfolio companies have already issued green debt. The Red Sea [Development] Company issued green debt worth $3.7bn,” said Aramco’s chairman.

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