The Public Investment Fund signed a $ 15 billion multi-currency revolving credit facility agreement with a group of 17 leading international financial institutions from Asia, the Middle East, Europe, the United Kingdom and the United States of America.

The fund said in a statement today that loans and debt instruments are one of the four financing sources that it adopted as part of its strategy, indicating that the multi-currency revolving credit facility gives flexibility to the fund in achieving its objectives and managing its assets and liabilities in a conservative manner, as well as forming part of the fund’s diversified and sustainable financing strategy within Fund vision realization programs for the period 2018-2020 and 2021-2025.

He indicated that the facility will provide the fund with additional liquidity, which can be used whenever the opportunity arises, stressing that it seeks to be the preferred global investment partner, and continues its strategic role aimed at advancing the Kingdom's economic transformation by pumping 150 billion Saudi riyals annually into the local economy.