Reported 2 days ago
Saudi Arabia's Public Investment Fund (PIF) is broadening its funding strategies by targeting a diverse investor base and considering debt sales through its subsidiaries. As the kingdom aims to fulfill Crown Prince Mohammed bin Salman’s ambitious spending goals, including the FIFA World Cup in 2034, the PIF is eyeing euro-denominated bonds and is encouraging its subsidiaries to independently raise capital. With the need for higher oil prices to sustain spending amid economic challenges, PIF's new long-term financing approach aims to reduce reliance on government funding while enhancing its annual investment deployment.
Source: YAHOO