PIF in talks to get $3.1B in loan guarantees: Report

01:50 PM (Mecca time) Argaam
Logo of Public Investment Fund (PIF)

Logo of Public Investment Fund (PIF)

Saudi Public Investment Fund (PIF) is in talks with Italy’s Export Credit Agency (SACE) to obtain $3.1 billion worth of loan guarantees, Bloomberg reported, citing informed sources.

 

The sources added that if the deal goes through, SACE will be providing guarantees to a consortium of international banks, which will then be responsible for lending PIF.

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