The Saudi Public Investment Fund has signed a $ 15 billion multi-currency revolving credit facility agreement with a group of 17 leading international financial institutions from Asia, the Middle East, Europe, the United Kingdom, and the United States of America.
According to Arabnet, the fund said in a statement that loans and debt instruments are one of the four financing sources it adopted as part of its strategy.
He explained that the revolving multi-currency credit facility gives flexibility to the fund in achieving its objectives and managing its assets and liabilities in a conservative manner.
The credit facility is also part of the fund’s diversified and sustainable financing strategy within the programs to achieve the Fund’s vision for the period 2018-2020 and 2021-2025.
He added that the facility will provide the fund with additional liquidity, which can be used whenever the opportunity arises.
The Investment Fund (Sovereign Wealth Fund) confirmed its endeavor to be the preferred global investment partner, and continues its strategic role aimed at pushing the Kingdom's economic transformation by pumping 150 billion riyals annually into the local economy.
