PwC Said to Resume Work on Pitches to Saudi PIF After Ban Ends
6 Articles
6 Articles
Saudi PIF ends PwC consultancy ban
The ScoopSaudi Arabia’s sovereign wealth fund has ended a year-long ban on new advisory services from consultancy PwC, opening the door for the firm to rebuild its business in the kingdom after a bruising fallout with one of its biggest clients in the region.Public Investment Fund has informed PwC that the restriction imposed in February 2025 has been lifted and invited the firm to start pitching for new work, according to people familiar with t…
PwC to resume pitches to Saudi PIF after advisory ban lifted
PricewaterhouseCoopers (PwC) has instructed staff to resume pitching for work with Saudi Arabia’s Public Investment Fund (PIF), according to a Bloomberg report. The step comes after the sovereign wealth fund ended a restriction that had blocked new advisory work for the consultancy. PwC managers have communicated internally that teams can again submit proposals to the PIF, the publication added, citing sources. The temporary ban, imposed last ye…
PIF ends temporary ban on PwC advisory bidding
A one-year ban preventing British consultancy PwC from bidding for advisory and consulting contracts with Saudi Arabia’s Public Investment Fund (PIF) has reportedly ended. The sovereign fund had temporarily barred PwC from securing advisory and consulting contracts from its more than 100 subsidiaries until February 2026. Auditing projects were excluded from the prohibition. PwC’s global chairman Mohamed Kande flew to Riyadh for meetings with the…
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