Saudi Arabia’s Public Investment Fund (PIF) has secured a $15 billion revolving credit facility from a global syndicate of 23 financial institutions across Europe, the US, the Middle East, and Asia. The facility has an initial three-year term, with an option to extend for two more years.
This loan, replacing a similar facility from 2021, allows PIF to draw, repay, and re-draw funds within the lending period, supporting general corporate purposes. PIF, a key player in Vision 2030, has launched 95 companies since 2017, injecting at least SR150 billion annually into the local economy.
PIF’s robust credit ratings and strategic use of diverse financing instruments underscore its vital role in Saudi Arabia’s economic transformation.