Saudi govt does not have immediate plans to transfer more funds to PIF: Al-Jadaan

24/05/2022 Argaam
Saudi Minister of Finance, Mohammed Al-Jadaan

Saudi Minister of Finance, Mohammed Al-Jadaan

Saudi Minister of Finance Mohammed Al-Jadaan said there are no immediate plans to transfer more funds to the Public Investment Fund (PIF), Reuters reported. 

 

"We have opportunities to invest with the PIF because they are actually making very good deals in their investments and doing very well, both inside Saudi and outside," the minister added.

 

He noted that Saudi Arabia will deploy in Q1 2023 its expected surplus from this year, as this will reflect positively on the economy, including the National Development Fund that supports private sector investment.

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