Saudi wealth fund raises $2bn to support mega-projects

Saudi wealth fund raises $2bn to support mega-projects

Via Pramod Kumar in agbi.com: The Public Investment Fund has raised $2 billion through a combination of sukuk (Islamic bond) and green bond offerings to support its mega-project pipeline. The Saudi wealth fund issued $1.5 billion in three-year sukuk and $500 million in green notes maturing in October 2032, Reuters said, citing a bank document. PIF has tapped into the global bond market for the fourth time this year.





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