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Sovereign Wealth Funds Briefing - Categorized | Investment

SEC wins $693mln PIF loan

Posted on 14 July 2009

From Tradearabia.com: State-controlled utility Saudi Electricity said on Monday it obtained a 2.6 billion riyals ($693.3 million) soft loan from a state-owned fund to help finance power generation projects.

The Public Investment Fund (PIF) extended the 15-year loan for projects Saudi Electricity plans in the capital Riyadh, the Gulf’s largest utility by market value said in a statement posted on the Saudi bourse’s website………Full Article: Source


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