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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.


Hogan Lovells has expanded its relationship with Ukraine to reflect the implementation of the 50/50 US-Ukrainian partnership to develop its critical minerals.
Brownstein Hyatt Farber Schreck has agreed to provide government relations and PA services to the Kingdom of Morocco.
The Washington Media Group is providing strategic communications support for Qatar's Education City, home of satellite facilities of Weill Cornell Medicine, Carnegie Mellon, Georgetown and others.
DCI Group has signed a $250K monthly retainer contract to provide communications and government affairs services for the Commonwealth of the Bahamas.
DGA Group signs $42,500 monthly retainer pact to provide government affairs services to OCP North America, phosphate fertilizer operation owned by the Government of Morocco.



