Newcastle United chairman Yasir Al Rumayyan was in the UK on Tuesday as The London Stock Exchange (LSG) listed the the first-ever green bond issued by a sovereign wealth fund. Saudi Arabia's Public Investment Fund (PIF), governed by Al-Rumayyan, are behind the $3billion (£2.7bn) listing, which is already eight times oversubscribed with investors.
Green bonds are designed to raise funds for new and existing projects which deliver environmental benefits and a more sustainable economy. PIF say their bond highlights Saudi Arabia's bid to reach Net Zero emissions by 2060.
Al-Rumayyan was at the Market Open Ceremony at the LSG just days after Newcastle fans marked the one-year anniversary of the PIF takeover. The chairman wasn't in attendance at St James' Park for the 5-1 win at Brentford and it is unclear if he will stay in the UK ahead of the Magpies' trip to Old Trafford to face Manchester United on Sunday.
