Saudi-led consortium completes Newcastle United takeover borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi Arabia’s Public Investment Fund (PIF) Governor Yasir Al-Rumayyan said that environmental, social, and governance (ESG) programs made solid business sense in the Kingdom and worldwide.
“Such action not only helps in protecting climate but also helps economically,” he said during the Future Investment Initiative (FII) Institute’s ESG virtual event on Thursday.
The PIF has already incorporated ESG principles into its $400 billion worth of global investments as the sector gains in prominence throughout the region.
Al-Rumayyan, who also chairs the FII Institute, said that ESG investing should grow in tandem with the sustainable development goals (SDGs) which were adopted by UN member states in 2015 as a universal call to action to end poverty and protect the planet.
Saudi Wealth Fund Raises Year s Third-Biggest Loan for New Deals yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Saudi wealth fund raises year’s third-biggest loan for new deals
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The $400bn sovereign investor is key to the kingdom’s efforts to revive economic growth
March 11, 2021
Saudi Arabia’s sovereign wealth fund obtained the third-biggest loan of the year so far as it raises money for new investments.
The Public investment Fund (PIF) signed the $15bn multi-currency revolving credit facility with 17 banks from Asia, the Middle East, Europe, the UK and the US, according to a statement on Wednesday.