Saudi Arabia’s PIF hires 5 banks for ESG panel on green finance push
Published 07 Sep,2021 via Arab News - Economy - JEDDAH - Saudi Arabia’s Public Investment Fund, has hired five banks to be members of an environmental, social and governance panel for its medium-term capital-raising strategy, International Financing Review reported on Monday.
The selected banks are Credit Agricole, Deutsche Bank, Goldman Sachs, HSBC and Standard Chartered.
Sources told Reuters in July that PIF sent banks a request for proposals to advise the investment fund’s global capital finance division on an ESG framework for public market capital raising.
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