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KM Financial Solutions | UPDATE 2-Saudi Arabia’s PIF gets $40 bln from foreign reserves to fund overseas investments
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UPDATE 2-Saudi Arabia’s PIF gets $40 bln from foreign reserves to fund overseas investments

28 May UPDATE 2-Saudi Arabia’s PIF gets $40 bln from foreign reserves to fund overseas investments

Posted at 21:53h in News by
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Saudi Arabia transferred a total
of 150 billion riyals ($40 billion) from central bank foreign
reserves to fund investments by sovereign wealth fund PIF in
March and April, the finance minister said on Friday.

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