Saudi sovereign wealth fund PIF to raise $3.5b in Islamic bonds sale

Saudi sovereign wealth fund PIF to raise $3.5b in Islamic bonds sale

Riyadh, Saudi Arabia. Photo by Hala AlGhanim on Unsplash

Saudi Arabia’s sovereign wealth fund is set to raise $3.5 billion in a debut sale of Islamic bonds that drew strong demand, in the first major test for Middle Eastern markets since the latest Israel-Hamas conflict.

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