Saudi Arabia’s PIF Raises $11 Billion Loan

Posted on 09/17/2018


Saudi Arabia’s Public Investment Fund (PIF) completed its massive US$ 11 billion international syndicated loan facility. According to documents, the cash will be used for “general corporate purposes.” The loan was structured as a club loan. Since the stalled listing of oil giant Saudi Aramco, PIF has been looking for additional funding sources to keep […]