Regional

Jan. 15, 2018 | 12:02 AM

Saudi wealth fund to weigh bank loans for investments

Arif SharifDinesh Nair Archana Narayanan and Matthew Martin| Bloomberg

A version of this article appeared in the print edition of The Daily Star on January 15, 2018, on page 15.

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Summary

Saudi Arabia's sovereign wealth fund, which aims to become a $2 trillion investment giant, is considering borrowing from banks for the first time as it seeks investments in the kingdom and abroad, according to people familiar with the matter.

The fund has announced some large international deals, including a commitment to put $20 billion into a U.S. infrastructure fund managed by Blackstone Group LP, and as much as $45 billion in a technology investment fund managed by SoftBank Group Corp., as well as a $3.5 billion stake in Uber Technologies Inc.