Saudi Arabia's PIF gets $40b from foreign reserves to fund overseas investments

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Gulf News Emirati Arabi Uniti 30.05.2020. 05:29

Saudi Arabia's PIF gets $40b from foreign reserves to fund overseas investments

Riyadh: Saudi Arabia transferred a total of 150 billion riyals ($40 billion) from central bank foreign reserves to fund investments by sovereign wealth fund PIF in March and April, the finance minister said on Friday. Saudi Arabia's central bank foreign reserves fell in March by nearly $27 billion »»»

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