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الوطن
PIF Gets Italy-Backed $3B
The Public Investment Fund (PIF) has secured credit facilities worth $3 billion, equivalent to SAR 11.25 billion, guaranteed 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, with the latter’s proceeds earmarked for eligible green projects. The deal aims to boost trade and purchases of Italian goods and services by the PIF and its portfolio companies, while creating opportunities for cooperation between Saudi and Italian businesses.
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