Goldman Makes Push Into Saudi Arabia After 1MDB Scandal Fallout - Bloomberg:
Goldman Sachs Group Inc. is tapping its upper echelons to navigate a notoriously complicated region where it has stumbled of late: the Middle East.
After missing out on at least $25 billion in deals in Abu Dhabi -- the emirate that snubbed the U.S. bank for its involvement in the 1MDB scandal -- Goldman Sachs is making a push into Saudi Arabia.
Chief Executive Officer David Solomon -- the first chief of a Wall Street bank to visit the kingdom following the murder of government critic Jamal Khashoggi -- has turned to international banking head Richard Gnodde and former Donald Trump adviser Dina Powell to help lead the push. They’ve all spent months wooing top officials in Riyadh, vying for a slice of the world’s biggest initial public offering, people with knowledge of the matter said.
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