Five memorandums of understanding (MoUs) worth up to $51 billion were signed by the Public Investment Fund (PIF) and well-known Japanese financial firms on Thursday.
The agreements were inked with Nippon Export and Investment Insurance (NEXI), Japan Bank for International Cooperation (JBIC), MUFG Bank, Sumitomo Mitsui Financial Group, and Mizuho Bank.These accords are essential to PIF’s plan to strengthen international financial cooperation, promoting collaboration in the areas of investment, finance, and sustainable development. Through debt and equity channels, they seek to enable two-way capital flows.
“The MoUs demonstrate PIF’s robust and ever-deepening relationships with leading international financial institutions,” said Rasees AlSaud, Head of Financial Institutions and Investor Relations, in response to the agreements. This agreement demonstrates PIF’s dedication to building alliances.
The MoUs further deepen Saudi Arabia’s economic connections with Japan by encompassing PIF and its portfolio firms as well as Japanese corporations and financial institutions.These accords are essential to PIF’s plan to strengthen international financial cooperation, promoting collaboration in the areas of investment, finance, and sustainable development. Through debt and equity channels, they seek to enable two-way capital flows.
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