Franklin Templeton, a prominent US investment manager, has inaugurated its operations in Riyadh after securing licenses from the Saudi Capital Market Authority. With the acquisition of the “Managing Investments and Operating Funds” and “Advising” licenses, the firm aims to offer Saudi Arabian investors access to its global expertise and diverse investment opportunities. Jenny Johnson, President and CEO of Franklin Templeton, emphasized the strategic significance of the Middle East for the company, expressing enthusiasm for providing local investors with access to the firm’s extensive global platform and investment offerings.
Muneera Al-Dossary, CEO of Franklin Templeton Saudi Arabia, highlighted the country’s rapidly transforming economy and the firm’s commitment to contributing to the growth of the local asset management industry through innovative investment solutions and talent development initiatives. With $1.6 trillion in assets under management, Franklin Templeton brings decades of experience to the Saudi market, having served major sovereign wealth funds, central banks, and private banks in the region for nearly 25 years. The firm’s listing of the Franklin FTSE Saudi ETF on the New York Stock Exchange in 2018 further underscores its dedication to providing investors with targeted exposure to the Saudi Arabian market.