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Saudi's PIF inks MoUs worth up to $51b with Japanese banks

Saudi's PIF inks MoUs worth up to $51b with Japanese banks

FILE PHOTO: Mizuho Bank's signboard is pictured in Tokyo, Japan, January 25, 2017. REUTERS/Kim Kyung-Hoon

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has signed five Memorandums of Understanding (MoU) with Japanese financial institutions worth up to an overall $51 billion, it said on Thursday.

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