• Mon, March 3, 2025
  • Tue, March 4, 2025

PwC seeks to mend relations with Saudi Arabia, sources say

PwC is working with Saudi Arabia and its sovereign wealth fund to mend relations with the kingdom, two people familiar with the matter told Reuters.
PwC is actively working to repair its relationship with Saudi Arabia following a series of setbacks, including the loss of a significant contract with the kingdom's sovereign wealth fund, the Public Investment Fund (PIF), and the departure of key personnel. The firm has been engaging in discussions with Saudi officials to address these issues, aiming to restore trust and secure future business opportunities in the region. This effort comes amidst a broader context where PwC has faced challenges in the Middle East, such as the resignation of its former Middle East boss and the loss of other high-profile clients. The firm's strategy includes reinforcing its commitment to the Saudi market, which is seen as crucial for its global operations, especially given Saudi Arabia's Vision 2030 initiative that seeks to diversify the economy.

Read the Full Reuters Article at:
https://www.reuters.com/business/pwc-seeks-mend-relations-with-saudi-arabia-sources-say-2025-03-03/

Like: 👍

Similar Business and Finance Publications