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FinancialNews
06-03-23
Saudi Arabia's Public Investment Fund receives awards at Global Capital Syndicated Loan Awards
(MENAFN) The Public Investment Fund (PIF) of Saudi Arabia has been recognized at the Global Capital Syndicated Loan Awards ceremony in London, receiving two awards for Emerging Markets Loan of the Year and Middle East Loan of the Year. The PIF plays a crucial role in realizing Vision 2030, Saudi Arabia's economic transformation program. Its ambitious strategy has propelled the national economy, creating over 500,000 direct and indirect jobs, and managing $620 billion worth of assets as of the first quarter of 2022.
The PIF's official website outlines its objectives, which include leading local economic development, localizing cutting-edge technology and knowledge, and expanding its portfolio of international assets. The organization invests in global sectors and markets by building strategic partnerships and launching initiatives that contribute to the goals of Vision 2030.
The 20th annual Syndicated Loan, Leveraged Finance, and Private Debt Awards Dinner, held at the Waldorf Hilton in London on Feb. 22, hosted guests from leading banks, investment firms, and advisers from Europe, the Middle East, and Africa region. The winners were determined by a poll of market participants and covered a period from Nov. 20, 2021, to Nov. 15, 2022.
The awards recognize the PIF's commitment to its objectives and its successful contributions to the economic development of Saudi Arabia and beyond.
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