Saudi Arabia's Public Investment Fund (PIF) has warned of suspicious attempts to impersonate it through various communication channels with the aim of requesting money or financial transfers from individuals, Okaz reported from Riyadh on May 15.
The fund said that it does not provide any direct financial services or transactions to individuals, stressing that all services it offers are conducted through official channels and in accordance with its investment and strategic missions.
Any communication with an individual character or involving financial requests is considered an attempted fraud that requires caution and immediate reporting, the PIF stated.
The fund called on all citizens and residents to report such attempts through the "Kolona Amn" (We Are All Security) application and not to respond to any messages or calls impersonating its name.
In related economic news, oil prices fell by more than one dollar during May 15 trading amid expectations of a potential nuclear agreement between the United States and Iran, while the unexpected rise in US crude oil inventories last week increased investor concerns about supply surplus.
Brent crude futures fell $1.49 or 2.3% to $64.60 per barrel, while US West Texas Intermediate crude futures dropped $1.46 or 2.3% to $61.69. Both crude benchmarks declined by about 0.8% on Wednesday.
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