Saudi PIF Prepares for Debt Issuances, More IPOs in Pipeline

Saudi Arabia's Public Investment Fund is preparing new debt-market issuances expected early next year, and it sees more companies listing over the coming years, the fund's finance head said.

Yasser Al-Salman, who leads the General Finance Administration at the PIF, told Asharq Bloomberg that the fund is working with the Capital Market Authority on any company ready for an IPO and is preparing the relevant offering file. He ruled out the possibility that current geopolitical tensions would affect the Saudi stock market's attractiveness to investors.

International market issuances are the largest source of financing for the PIF, Al-Salman said. The timing and size depend on market capacity and conditions at the time of issuance. He said debt will remain a key focus in the coming period.