Deals

Goldman Chiefs Court Saudis on Aramco IPO After 1MDB Fallout

Bank said to be picked for a top role in Aramco’s planned IPO
Two Abu Dhabi funds sued Goldman over its ties to 1MDB scandal

Goldman Targets Saudi Aramco IPO After 1MDB Mideast Fallout

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By Nicolas Parasie, Dinesh Nair, Archana Narayanan, and Sridhar Natarajan

September 9, 2019 at 5:16 PM UTC

Updated on

September 10, 2019 at 3:40 PM UTC

This article is for subscribers only.

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.