Saudis Hire Top D.C. Lobbyists to Seek U.S. Approval for Deals - Bloomberg:
"Saudi Arabia is adding to its ranks of blue-chip lobbyists in Washington.
A Saudi Arabian sovereign wealth fund that aims to reduce the kingdom’s dependency on oil has engaged a top K Street firm to lobby for approval of future acquisitions in the U.S., according to a March 8 filing with the Justice Department.
The Public Investment Fund, chaired by Crown Prince Mohammed bin Salman, will pay the firm Akin Gump Strauss Hauer & Feld LLP up to $535,000 through May 1 for legal services and outreach to government officials for "current and anticipated investments" in the U.S. Among those representing the fund will be Geoffrey Verhoff, a top fundraiser for the Republican National Committee and a regional vice-chairman of the party’s finance team."
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