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Saudi Wealth Fund Raises $3 Billion Loan Backed by Italy’s Sace

Bloomberg Markets Tuesday 03 November 2026, 12:11 UTC By Omar El Chmouri 1 min read
Key Points

Saudi Wealth Fund Raises $3 Billion Loan Backed by Italy’s Sace Saudi Arabia’s sovereign wealth fund has raised loans equivalent to around $3 billion that will be guaranteed by the Italian insurer and export credit agency Sace, as ties between the two countries and their companies continue to deepen. The dual-tranche credit facilities comprise of a $1.8 billion portion and a €1 billion green tranche, raised from a syndicate of 25 international banks, according to a Public Investment Fund...

Saudi Wealth Fund Raises $3 Billion Loan Backed by Italy’s Sace Saudi Arabia’s sovereign wealth fund has raised loans equivalent to around $3 billion that will be guaranteed by the Italian insurer and export credit agency Sace, as ties between the two countries and their companies continue to deepen. The dual-tranche credit facilities comprise of a $1.8 billion portion and a €1 billion green tranche, raised from a syndicate of 25 international banks, according to a Public Investment Fund statement on Tuesday. Proceeds from the euro-denominated facility will be allocated to eligible green projects.
Saudi Wealth Fund (ORG) Italy (LOCATION) Sace Saudi Wealth Fund (ORG) Sace Saudi Arabia’s (ORG) Italian (ORG) Sace (ORG) a Public Investment Fund (ORG)
Originally published by Bloomberg Markets Read original →

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