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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration, Investment

Saudi Wealth Fund to Cut Back on Lending in Transformation Plan

Posted on 12 October 2016

Saudi Arabia’s Public Investment Fund is set to cut back on lending to domestic projects, which has increased by more than 80 percent over the past five years, as part of plans to transform the institution into the world’s largest sovereign wealth fund.
Loans by the PIF, as the fund is known, rose to 104 billion riyals ($27.5 billion) at the end of 2015, from 57 billion riyals at the end of 2011, according to information in Saudi Arabia’s sovereign bond prospectus. In the future, the PIF “will not act as a source of lending to the same extent that it has historically,” according to the document………………………………………Full Article: Source


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