Saudi wealth fund raises year’s third-biggest loan for new deals

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.