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Saudi PIF Secures $3B in Funding
Saudi Arabia’s Public Investment Fund has secured credit facilities worth the equivalent of $3 billion, guaranteed by Italy’s export credit agency and provided through a consortium of 25 banks and financial institutions. The facilities comprise a $1.78 billion tranche and a €1.035 billion green tranche, with the proceeds earmarked for eligible green projects. They aim to support trade cooperation and the supply of Italian goods and services to the Fund and its portfolio companies, while expanding the Fund’s access to international financing.
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