Sources to CNBC Arabia: The Saudi sovereign fund appoints 5 banks to set a framework for environmental investments | latest news

Sources to CNBC Arabia: The Saudi sovereign fund appoints 5 banks to set a framework for environmental investments | latest news
Sources to CNBC Arabia: The Saudi sovereign fund appoints 5 banks to set a framework for environmental investments | latest news

Banking sources told CNBC Arabia that the Saudi sovereign fund has taken more steps towards promoting the shift towards safe investments for the environment, with its appointment of 5 international banks to set the environmental and social framework for the fund’s work.

The sources added that the banks chosen are Goldman Sachs, HSBC, Standard Chartered, Credit Agricole and Deutesche Bank.

Last July, banking sources told CNBC that the fund is on track to issue green bonds after setting the environmental framework for the fund’s investments by the end of the last quarter of this year.

Source

Sources CNBC Arabia Saudi sovereign fund appoints banks set framework environmental investments latest news

 
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