-
Saudi Investment Fund Signs 6 Agreements with Chinese Financial Institutions

Saudi Investment Fund Signs 6 Agreements with Chinese Financial Institutions
Saudi Arabia and China Explore New Economic and Trade Integration Opportunities through MoUs Covering Finance and Capital Markets, Aligning with the Fund’s Strategy to Enhance Institutional Partnerships
The Saudi Public Investment Fund (PIF) has signed six memoranda of understanding (MoUs) worth up to 187.5 billion riyals (50 billion dollars) with several Chinese financial institutions.
Read More: Saudi Arabia declares that it did not help in targeting Hodeida in Yemen..
The agreements were signed with the Agricultural Bank of China (ABC), Bank of China (BoC), China Construction Bank (CCB), China Export & Credit Insurance Corporation (SINOSURE), Export-Import Bank of China (CEXIM), and Industrial and Commercial Bank of China (ICBC).
These MoUs encompass various areas of cooperation, including stimulating mutual capital flow through debt instruments and capital markets. This initiative is part of the fund’s strategy to strengthen its institutional partnerships globally.
Fahad Al Saif, Head of Global Capital Finance and Head of Investment Strategy and Economic Studies at the Public Investment Fund, stated, "The new MoUs reflect the depth of the relationship between the Public Investment Fund and leading financial institutions, and reaffirm the fund's commitment to enhancing its global partnerships."
The Saudi Public Investment Fund is a sovereign wealth fund aiming to diversify Saudi Arabia's economy and increase non-oil revenues. It holds stakes in global companies such as Uber, Lucid Motors, SoftBank, and Tesla, and leads major projects in Saudi Arabia like NEOM, contributing to the realization of Vision 2030.
Levant-Agencies
You May Also Like
Popular Posts
Caricature
BENEFIT Sponsors BuildHer...
- April 23, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
opinion
Report
ads
Newsletter
Subscribe to our mailing list to get the new updates!