Saudi Public Investment Fund signs $10 bln loan - Reuters:
Saudi Arabia’s Public investment Fund (PIF) on Wednesday signed a $10 billion loan, an executive said.
The loan, provided by a syndicate of 10 banks, is linked to the acquisition by Saudi Aramco of PIF’s stake in petrochemical company Saudi Basic Corporation (SABIC), said Alireza Zaimi, head of corporate finance at PIF.
He was speaking at an investment conference in Riyadh.
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