Central Bank of Saudi Arabia backs PIF to pursue investment opportunities amidst Covid-19 crisis
May 30, 2020
The National has reported that Saudi Arabia allocated $40 billion from its central bank to PIF for the sovereign wealth fund to make opportunistic acquisitions and investments amid the plunging share and asset prices amidst the Covid-19 pandemic.
Read the original article on The National: Saudi Arabia transfers $40bn to Public Investment Fund to capitalise on opportunities amid Covid-19