Saudi Arabia's sovereign wealth fund will be the anchor investor in Goldman Sachs Asset Management's specific new funds focused on the kingdom and other Gulf Cooperation Council countries, the companies said on Monday.

PwC is working with Saudi Arabia and its sovereign wealth fund to mend relations with the kingdom, two people familiar with the matter told Reuters.

Saudi Arabia’s Public Investment Fund is set to become an anchor investor in a series of new funds from Goldman Sachs Asset Management focused on the kingdom as well as all six states of the Gulf Cooperation Council,