The Public Investment Fund obtains the first financing with a Murabaha structure of $7 billion

The Public Investment Fund announced today the completion of the first Murabaha structure worth $7 billion (approximately 26.3 billion riyals), as part of the Fund’s medium-term financing strategy. The financing received participation from 20 international and regional financial institutions.
Fahd Al-Saif, Head of the General Department of Global Investment Finance and Head of the General Department of Investment Strategy and Economic Studies at the Public Investment Fund, said: “This first financing of the Fund highlights the flexibility and depth of the Public Investment Fund’s financing strategy, and reflects the Fund’s permanent commitment to diversifying its funding sources and continuing to enhance its investments to achieve Transformation locally and globally.”

Support the financial center

The new financing adds to a series of successes recorded by the Public Investment Fund in Sukuk issuances over the past two years. This financing also supports the Fund’s strong financial and credit position and its approach to applying best financing practices.
The Public Investment Fund holds an Aa3 rating with a stable outlook from Moody’s credit rating agency, and an A+ rating from Fitch Credit Rating Agency with a stable outlook.
The Fund’s financing strategy relies on four main sources, including cash contributions from the government, transferring government-owned assets to the Fund, investment returns, loans and debt instruments.