NASDAQ: FBIZ Earnings Release Supplement Fourth Quarter 2025 Forward-Looking Statements When used in this presentation, and in any other oral statements made with the approval of an authorized executive officer, the words or phrases "may," "could," "should," "hope," "might," "believe," "expect," "plan," "assume," "intend," "estimate," "anticipate," "project," "likely," or similar expressions are intended to identify "forward‐looking statements" within the meaning of such term in the Private Securities Litig ...

Core Viewpoint - Goldman Sachs is in discussions with the Kuwait Investment Authority for a $10 billion investment mandate aimed at enhancing its private markets strategy in the Middle East [1][2]. Group 1: Investment Details - The investment is expected to be allocated across various Goldman Sachs funds, focusing on credit, private equity, and infrastructure [2]. - The completion of the investment by KIA is not guaranteed at this stage [2]. Group 2: Regional Expansion - Goldman Sachs has recently expanded its operations in the Gulf region by opening a new office in Kuwait, which is part of its strategy to increase its presence in the Middle East [3]. - The firm's private assets under supervision currently total $374 billion, indicating a focus on growing this segment [3]. - In 2023, Goldman Sachs also opened an office in Abu Dhabi and obtained a regional headquarters license in Saudi Arabia, further solidifying its regional footprint [4].

Core Insights - Goldman Sachs is expanding its Private Wealth Management services in the Middle East by launching an onshore presence in Riyadh, Saudi Arabia, enhancing its existing office established in 2008 [1][2] - The firm aims to leverage its 'One Goldman Sachs' strategy, collaborating with various teams to provide comprehensive services to clients in the region [2] - Saudi Arabia is viewed as a significant market due to its dynamic economy and concentration of ultra-high net worth individuals, presenting substantial investment opportunities [3] Expansion Details - The new unit will focus on delivering access to Goldman Sachs' leading Private Wealth Management business, offering local and global investment opportunities [3] - To support this initiative, Goldman Sachs has appointed Yousef Alhozaimy and Khalid Soufi as private wealth advisors in Riyadh and is actively recruiting additional advisors [4] Market Position - As of September 30, 2025, Goldman Sachs had $1.8 trillion in client assets under supervision, indicating a strong market presence [5] - The firm is also streamlining operations through job cuts and the use of artificial intelligence, yet expects a net increase in its workforce by year-end [5]