S&P reports that Saudi wealth fund PIF will support credit growth

Analysis from KFGO shows investments by Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) will support credit growth among companies in the kingdom, according to S&P Global Ratings. A $400 billion investment vehicle, the PIF plans to inject at least 150 billion riyals ($40 billion) annually in the local economy until 2025, and to increase its assets to 4 trillion riyals by that date. The analysis quoted the S&P as saying “This will offset the gradual lifting of support aimed at easing the impact of the pandemic,”

Read the original analysis in KFGO: S&P - ‘Saudi wealth fund PIF to support corporate credit growth’