With a value of $1.25 billion, Public Investment Fund announced the completion of the pricing of its Sukuk offering with the proceeds of the dollar-denominated offering to be used for the Fund's general purposes.

Public Investment Fund (PIF). <Coverage exceeded 6.5 times the total issuance, while the total number of subscription requests reached more than 9 billion US dollars. The Sukuk in this offering has a term of seven years and will be listed on the London Stock Exchange's International Securities Market as part of PIF's international Sukuk program.

On this occasion, PIF announced the issuance of the Sukuk. <Ahmed Al-Rubaian, Director of Public Markets in PIF's Global Investment Finance Department, said: “The high demand from international investors for the new Sukuk offering reflects the strength of PIF's credit rating and its key role as a driver of the Kingdom's economic transformation. ”The offering is a continuation of the Fund's robust and diversified financing strategy, which is well supported by international investors."

The Sukuk offering is a continuation of the Fund's robust and diversified financing strategy, which is well supported by international investors. PIF's long-term financing strategy includes a variety of financing instruments, including Sukuk and bond programs, as well as Murabaha structured financing and revolving credit facilities.