saudi anchor

Goldman Sachs deepens ties with Saudi Arabia as PIF backs funds

Saudi Arabia has courted Goldman Sachs and other Wall Street firms as it seeks to invest its wealth and wean the economy from dependence on oil

Saudi Aramco Energy Market (Getty Images)

As Goldman Sachs boosts its involvement with Saudi Arabia, the kingdom is offering more support for the Wall Street investment bank.

The Saudi Public Investment Fund is set to become an anchor investor in a series of new Goldman...