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PIF secures $3bn credit
The Public Investment Fund (PIF) has secured credit facilities worth $3 billion (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 proceeds of the latter earmarked for eligible green projects. They aim to strengthen trade and cooperation in the procurement of goods and services from Italian suppliers for the benefit of the PIF ecosystem.
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