Wednesday, February 20, 2008

Public Investment Fund to provide loans worth SR11.75 bln for 4 projects

At a meeting of the fund's board of directors, Saudi Arabia's state-owned Public Investment Fund (PIF), decided to provide loans worth SR11.75 bln to four strategic projects including petrochemical plants. Saudi Kayan Petrochemical Company will receive a loan of SR4 bln to establish a petrochemical complex in Jubail.

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