Badeel has announced a partnership to establish the largest solar photovoltaic plant in the region, while Saudi Arabia’s Public Investment Fund (PIF) announced that it has secured a $17 billion seven-year senior unsecured term loan (63.7 billion Saudi riyals).
The loan is the largest-of-its-kind general corporate-purpose loan worldwide.
While the new transaction recorded the support of 25 financial institutions across Europe, America, the Middle East, and Asia, the $11…