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Teneo has revised its contract with Saudi Arabia’s Public Investment Fund on Sept. 2 to add an additional $440K in fees covering the last four months of the year.
The firm tacks on “additional work streams for portfolio support and corporate engagement” duties, according to the amended agreement.
Teneo’s original pact called for providing strategic communications services, enhancing PIF’s visibility, doing thought leadership positioning, and serving as global advisor in key markets such as the US and China.
Teneo has 28 executives handling the PIF business from Dubai (10 staffers), New York (seven), London (six), Riyadh (four), and Dublin (one).
PIF’s 2024 fees are now capped at $4,706,666.57.


Former Georgia Republican Congressman Tom Graves is representing the Islamic Republic of Pakistan, positioning the country as a reliable partner with the US.
Bridges Partners is running an influencer campaign on behalf of Israel to promote the cultural interchange between it and the US.
San Diego’s Show Faith by Works is spreading pro-Israel messaging to Christian groups in the western US on behalf of the country’s Ministry of Foreign Affairs.
KNP Communications has lined up a contract to provide media training to members of Canada’s US embassy.
The firm of Donald Trump’s former campaign manager Brad Parscale has a four-month $6M agreement for strategic communications and media services in support of Havas Media’s engagement by Israel to develop a nationwide campaign in the US to combat antisemitism.



