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Sovereign Wealth Funds Briefing - Categorized | Investment

SABIC eyes more investments in 2010 -CEO

Posted on 16 February 2010

From Maktoob.com: Saudi Basic Industries Corp, better known as Sabic, has borrowed 10 billion Saudi riyals ($2.7 billion) from the state’s Public Investment Fund, or PIF, which encourages the firm to boost its investment domestically and globally, said its chief executive Mohamed al Mady.
It will purse more investments this year, helped by its strong financial position and adequate liquidity………………………………….Full Article: Source


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