Saudi Arabia’s sovereign wealth fund raises massive $17bn loan
INTERNATIONAL Saudi Arabia's sovereign wealth fund has secured a $17 bn loan from a group of 25 banks, a sign of the continued appetite among international financiers to invest in the oil-rich kingdom’s economy. The Public Investment Fund (PIF) is at the centre of Saudi Arabia’s efforts to remake the kingdom’s economy and diversify away from petrodollars. The cash injection will be provided by financial institutions from the US, Europe […]
