Public Investment Fund Secures $3 Billion Financing Backed by Italian Company
Published
The Public Investment Fund announced that it has obtained credit facilities totaling approximately $3 billion US. These facilities consist of two tranches, and the Fund secured them through a guarantee from SACE, Italy's export credit agency.
This step aims to strengthen cooperation between the Fund and Italian companies. SACE provides support to Italian companies operating in the fields of exports and international projects, so the guarantee helps facilitate financing for joint projects between the two parties.
The Public Investment Fund is one of the most important sovereign funds in the Kingdom of Saudi Arabia, and it invests in multiple sectors inside and outside the Kingdom. This agreement comes within the Fund's efforts to build relationships with international partners in various fields.
The Fund explained that this financing supports its future investment plans and its cooperation with Italian companies. The announcement did not include additional details about the specific projects that will be financed.
Sources: بوابة التكنولوجيا المالية
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