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Saudi PIF likely to close its biggest-ever loan deal this week

Saudi PIF likely to close its biggest-ever loan deal this week
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Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) is set to close a deal for its biggest loan ever as soon as this week, Bloomberg reported on Tuesday citing people familiar with the matter.

The kingdom’s sovereign wealth fund is raising about $15 billion from a group of international banks to finance new investments.

The final bank group participating in the facility is still being determined, and the loan size and the timing may change, the people revealed.

Last month, the $400 billion wealth fund more than doubled the size of the loan from an initial plan to raise up to $7 billion.