Wires

Saudi Public Investment Fund signs $10 bln loan

DUBAI, Oct 30 (Reuters) - Saudi Arabia's Public investment Fund (PIF) on Wednesday signed a $10 billion loan, an executive said.

The loan, provided by a syndicate of 10 banks, is linked to the acquisition by Saudi Aramco of PIFs stake in petrochemical company Saudi Basic Corporation (SABIC), said Alireza Zaimi, head of corporate finance at PIF.

He was speaking at an investment conference in Riyadh. (Reporting by Davide Barbuscia and Saeid Azhar; editing by Jason Neely)