Tadawul rejects main market listing for food firm after pump and dump claim

Tadawul rejects main market listing for food firm after pump and dump claim
Tadawul rejects main market listing for food firm after pump and dump claim

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Jeddah - Yasmine El Tohamy - DUBAI: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, said on Wednesday it has signed a $15 billion multi-currency revolving credit facility with a group of 17 banks, which it said gives it access to extra capital that can be deployed quickly when needed.
PIF started raising bank debt in 2018 with an $11 billion facility, followed in 2019 by a $10 billion loan which it then repaid last year.
The new loan was provided by 17 banks from Asia, the Middle East, Europe, the United Kingdom and the United States, PIF said in a statement on Wednesday.
PIF is pursuing a two-pronged strategy, building an international portfolio of investments while also investing locally in projects that will help reduce Saudi Arabia’s reliance on oil.

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