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Saudi Arabia’s Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) signed on Nov. 28 a financing agreement through which PIF has secured a term loan, from a syndicate of nine top international lenders. The financing carries a door-to-door tenor of 13 years and will initially be set at $3 billion (nearly SAR 11.2 billion), with an option to increase to $5 billion (nearly SAR 18.7 billion), subject to pre-agreed terms and conditions.

Saudi arabiaSouth koreaSouth koreanSaudi arabianFahad alsaifSaudi arabia public investment fundHead of the global capital finance divisionKorea trade insurance corporationPublic investment fundGlobal capital finance divisionJinho lee