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Nov. 1, 2019
The Public Investment Fund (the country's sovereign fund) announced on Wednesday the signing of a syndicated loan agreement worth $ 10 billion.
the details
- In a statement, the fund said it would use the loan to finance public projects and accelerate the implementation of its investment program.
- He added that the syndicated loan would be paid after the sale of the Fund's stake in SABIC to Saudi Aramco was completed.
- The loan is granted by 10 international banks including Bank of America Corporation, BNP Barbia, Citigroup, Credit Agricole, HSBC, JPMorgan, Mizuho Bank, MUFG, Standard Chartered and Sumitomo Mitsui.
Los Angeles Times
The Public Investment Fund (the country's sovereign fund) announced on Wednesday the signing of a syndicated loan agreement worth $ 10 billion.
the details
- In a statement, the fund said it would use the loan to finance public projects and accelerate the implementation of its investment program.
- He added that the syndicated loan would be paid after the sale of the Fund's stake in SABIC to Saudi Aramco was completed.
- The loan is granted by 10 international banks including Bank of America Corporation, BNP Barbia, Citigroup, Credit Agricole, HSBC, JPMorgan, Mizuho Bank, MUFG, Standard Chartered and Sumitomo Mitsui.
Los Angeles Times