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Saudi Arabia's Public Investment Fund (PIF) said on Wednesday it had signed a revolving credit facility for $15 billion with a group of 23 financial institutions, replacing a previous loan for the same amount agreed upon in 2021.
The facility will be available for three years and is extendable for two more, a PIF statement said.
A revolving loan is one that can be drawn, repaid and drawn again during the lending period.
The previous loan involved 17 banks, while the latest one includes six further financial institutions.
The group includes institutions from Europe, the US, the Middle East and Asia, according to the statement
