(Bloomberg) — Saudi Arabia’s sovereign wealth fund may raise a loan that’s more than double what it sought late last year for new investments following strong demand from lenders, according to people familiar with the matter.
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Construction site debris sits beneath skyscrapers on land surrounding the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Tuesday, July 28, 2020. Saudi Arabia suffered a simultaneous decline in oil and non-oil revenue as the global pandemic combined with lower energy prices to jolt the kingdom’s public finances.
The Public Investment Fund is set to increase the loan size to