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Saudi Arabia's Public Investment Fund (PIF) is considering its first issuance of green bonds by the fourth quarter of 2021, CNBC Arabia reported, citing banking sources.

 

The issuance comes as part of the fund's plan of shifting towards injecting liquidity into environment-friendly investments, the sources said.

 

They added that the fund is set to hire global investment banks to set the framework for its move towards green investment.

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