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Saudi PIF Invests in Shariah Credit Fund

11 February 2021: Saudi PIF Invests in Shariah Credit Fund

The Saudi Public Investment Fund (PIF) has become a major investor in a new $300 million shariah credit fund launched by NBK Capital Partners (NBKCP) that will provide capital to mid-market companies in the Middle East.

The actual stake taken by the fund, which manages $400 billion in assets, was not disclosed but NBKCP said it was a nine-digit figure, meaning at least a third of the targeted $300 million.

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