Saudi Arabia’s wealth fund has temporarily banned PwC from advisory and consulting services contracts, people familiar with the matter said, halting the firm’s progress in one of the world’s most lucrative markets.
Executives at the $US925 billion ($1.5 trillion) Public Investment Fund and its more than 100 subsidiaries have been told to stop handing out consulting projects to PwC until February 2026, the people said, declining to be identified as the information was confidential. The firm’s auditing projects would not be affected, they said.
