At a meeting of the fund's board of directors, Saudi Arabia's state-owned Public Investment Fund (PIF), decided to provide loans worth SR11.75 bln to four strategic projects including petrochemical plants.
Saudi Kayan Petrochemical Company will receive a loan of SR4 bln to establish a petrochemical complex in Jubail.
The Saudi-European Petrochemical Company will get SR750 mln to carry out an expansion project.
National Chevron Philips Company will be given a loan of SR3 bln to finance its petrochemical project in Jubail.
Maaden's phosphate project will receive a loan of SR4 bln.