Goldman leaders court Saudis over Aramco IPO after 1MDB fallout

Saudi Arabia is becoming the focus of Goldman Sachs' West Asia strategy after the fallout from the 1MDB corruption scandal marked its abrupt downfall in Abu Dhabi

 Goldman Sachs Group is tapping its upper echelons to navigate a notoriously complicated region where it has stumbled of late: West Asia.
 
After missing out on at least $25 billion in deals in Abu Dhabi — the emirate that snubbed the US 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 journalist Jamal Khashoggi — has turned to international banking head Richard Gnodde and former Donald Trump