Friday 29 May 2020

#SaudiArabia says it provided $40 billion to PIF from foreign reserves - Reuters

Saudi Arabia says it provided $40 billion to PIF from foreign reserves - Reuters:

Saudi Arabia transferred a total of 150 billion riyals ($40 billion) from central bank foreign reserves to fund investments by sovereign wealth fund PIF in March and April, the finance minister said on Friday. 


Minister Mohammed al-Jadaan also said in a statement that the government would continue to implement development plans to diversify the economy, increase local content and support private sector growth.

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