Via Matthew Martin, Christine Burke and Zainab Fattah in yahoo.com: The Public Investment Fund has asked some portfolio companies to cut their proposed budgets for next year by as much as 20% while some other developments may be accelerated, according to people familiar with the matter, who asked not to be identified discussing private information. The PIF is also reviewing budgets for projects yet to be announced, the people said. Spending plans for 2025 are due to be presented next month to the fund’s board, when final decisions on its total outlays and budgets for individual projects are expected to be made, the people said. Some PIF projects are looking to raise external financing to compensate for any budget cuts, the people said.
