| 28.01.2009 - Saudi fund boosts project finance amid crunch |
| From Kuwaittimes.net: Saudi Arabia's Public Investment Fund announced yesterday measures to increase its financing support for projects in the world's largest oil exporter amid the global liquidity crunch, state news agency SPA reported. The state-run fund will extend project loan durations to 20 years, including a five-year grace period, from 15 years and will raise a cap on project lending to 40 percent of the value of the project from 30 percent, SPA said..... Full Article: Source |