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PIF Wins $3B Credit Lines
The Public Investment Fund has secured credit facilities worth $3 billion, equivalent to SAR 11.25 billion, backed by Italy’s export credit agency, SACE, and involving 25 international banks. The facilities comprise a $1.78 billion tranche and a €1.035 billion green tranche, the proceeds of which will be allocated to eligible green projects. They aim to boost trade and the procurement of goods and services from Italian suppliers, and to expand opportunities for cooperation between Italian companies, the Fund, and its portfolio companies.
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