Saudi PIF gets $11bn loan

Riyadh - Mubasher: The Saudi Public Investment Fund (PIF) has obtained $11 billion from 15 banks, sources told Maaal.com.

The loan agreement aims at financing and supporting investment and developmental projects, in line with the Saudi Vision 2030, and it also shows creditors confidence in the Saudi economy and PIF.

The banks are namely, Standard Chartered, BNP Paribas, HSBC, Societe Generale, Mizuho Financial Group, Credit Agricole, Sumitomo Mitsui Banking Group, Bank of America, Bank of China, and Industrial and Commercial Bank of China (ICBC), Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley and Mitsubishi UFJ Financial Group.

Mubasher Contribution Time: 11-Sep-2018 22:39 (GMT)
Mubasher Last Update Time: 12-Sep-2018 14:06 (GMT)

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