The real estate firm, also called Al-Akaria, said they received a letter from the sovereign wealth fund about the transfer, which will also include related rights and obligations on top of the loan balance. DUBAI: The Public Investment Fund is set to transfer the remaining balance of the Saudi Real Estate Company’s SR1.31 billion ($349 million) loan to the Ministry of Finance. The real estate firm, also called Al-Akaria, said they received a letter from the sovereign wealth fund about the transfer, which will also include related rights and obligations on top of the loan balance. This follows a loan rescheduling agreement signed in June between Al-Akaria and the PIF, which said the loan should be repaid in nine years and six months. The loan was taken in 2015.