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Saudi wealth fund reveals finances for first time before bond sale


DUBAI — Saudi Arabia has given its first look at the performance of its $600 billion sovereign wealth fund, revealing returns in line with the broader market and revealing it has invested 2 billion dollars in Russian assets before war in Ukraine.

The hedge fund hired banks to raise billions of dollars in its first bond sale, according to a prospectus it shared with potential investors this week. Cash will be invest in renewable energy and other green projects, the PIF said, illuminating the finances of the once secretive fund for the first time.



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