Saudi Arabia's PIF, driving Vision 2030, explores debt sales or loans to fund Crown Prince Mohammed bin Salman's trillion-dollar economic project.
Saudi Arabia's PIF, driving Vision 2030, is considering debt sales or loans to fund Crown Prince Mohammed bin Salman's trillion-dollar economic project. PIF aims to diversify the oil-dependent economy and has seen its assets surge to $925bn after the transfer of Aramco shares, increasing annual dividend revenue to $9bn. The fund ranks 5th globally in terms of sovereign wealth funds by asset size.
March 14, 2024
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