Saudi Arabia’s Public Investment Fund (PIF) has secured $3bn in credit facilities guaranteed by Italian export credit agency SACE, according to Private Equity Wire.
Private Equity Wire reported the facilities as PIF diversifies its funding sources to support its expanding investment programme, citing a Reuters report.
Structure: two tranches including a conventional and a green facility
The financing comprises two tranches, including a $1.78bn conventional facility and a €1.04bn green facility, according to Private Equity Wire.
Private Equity Wire published the report on November 5, 2026.
Link to 2025 memorandum and Italian supplier procurement
The agreement builds on a memorandum of understanding signed between PIF and SACE in 2025, according to Private Equity Wire.
The agreement is intended to support greater commercial cooperation and procurement opportunities involving Italian suppliers, Private Equity Wire reported.
PIF scale and investment focus in Saudi diversification
PIF has assets exceeding $900bn, according to Private Equity Wire.
Private Equity Wire described PIF as a central investor in Saudi Arabia’s economic diversification programme.
Private Equity Wire reported that PIF deploys capital across sectors including tourism, technology, infrastructure and industrial development.
Private Equity Wire reported that Saudi Arabia seeks to reduce its dependence on oil revenues.
Financing approach: international debt markets and export credit arrangements
The financing reflects PIF’s growing use of international debt markets and export credit arrangements to fund its investment commitments, according to Private Equity Wire.
Private Equity Wire also reported that this financing approach is used while strengthening commercial partnerships with overseas suppliers and financial institutions.
