Saudi Arabia's PIF Makes Strategic $200 Million Investment in Bond ETF Amidst Increased Borrowing
7 days ago
In a significant move that reflects the evolving financial landscape of Saudi Arabia, the Public Investment Fund (PIF) has recently announced a substantial investment of $200 million in a bond exchange-traded fund (ETF). This decision comes at a time when the Saudi government is actively increasing its borrowing to finance various initiatives and bolster its economy.
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