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2020-06-01 10:05:00

SAUDI ARABIA'S PIF +$40 BLN

SAUDI ARABIA'S PIF +$40 BLN

AN - 31 May 2020 - The Public Investment Fund (PIF), Saudi Arabia's ambitious sovereign wealth fund, is seeking to use the extra $40 billion it was recently granted from government reserves to benefit the Kingdom and its citizens when the current coronavirus disease (COVID-19) pandemic is over.

A spokesperson for the PIF said that the injection from reserves held by the Saudi Arabian Monetary Authority — announced last week — "allow us to tap into a number of local and global investment opportunities at attractive prices. This includes investments in sectors that are well positioned to drive economic growth and value creation…

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Tags: SAUDI, ARABIA, INVESTMENT,
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