King & Spalding Guides Franklin Templeton’s Saudi Entry
King & Spalding acted as counsel to Franklin Templeton in the initiation of its operations in Saudi Arabia. Establishing Franklin Templeton Financial Company in Riyadh, regulated by the Saudi Arabia Capital Market Authority, marks a significant milestone. The new entity secured licenses for asset management and advisory services within the Kingdom.
With assets totalling $1.6 trillion, Franklin Templeton stands as one of the world’s leading global asset management firms. King & Spalding advised Franklin Templeton on various structuring and regulatory aspects related to its establishment in the Kingdom in addition to the successful applications to the Capital Market Authority, the Ministry of Investment and the Ministry of Commerce.
The King & Spalding team advising Franklin Templeton was led by partner James Stull (pictured) and included partner Nabil A. Issa, senior associates Sayf Shuqair and Saud Aldawsari, and associates Jamie Kershaw, Meshaal Alyahya, Husam Alhmary and Husni Al-Far.
