Saudi Arabia's PIF agrees to $5b term loan covered by K-SURE

Saudi Arabia's PIF agrees to $5b term loan covered by K-SURE

Riyadh, Saudi Arabia. Photo by Hala AlGhanim on Unsplash

Saudi Arabia’s Public Investment Fund (PIF) said on Tuesday it has agreed to raise a term loan of up to $5 billion from a syndicate of nine international lenders that will be covered by Korea Trade Insurance Corporation (K-SURE).