Saudi Arabia's PIF gets $40 billion from foreign reserves to fund overseas investments

RIYADH (Reuters) - Saudi Arabia transferred a total of 150 billion riyals ($40 billion) from central bank foreign reserves to fund investments by sovereign wealth fund PIF in March and April, the finance minister said on Friday. Saudi Arabia's central bank foreign reserves fell in March by nearly $27 billion (22 billion pounds) month-on-month, their fastest rate in at least 20 years, to around $464.5 billion, according to Reuters calculations based on central bank data. April figures are not..