King & Spalding Advised Franklin Templeton To Initiate Operations In Saudi Arabia
King & Spalding Advised Franklin Templeton To Initiate Operations In Saudi Arabia
The new entity has secured licenses for asset management and advisory services
Prestigious law firm King & Spalding has counseled Franklin Templeton for initiating its operations in Saudi Arabia. Regulated by the Saudi Arabia Capital Market Authority, it has achieved significant milestones by establishing Franklin Templeton Financial Company in Riyadh.
With assets totaling $1.6 trillion, Franklin Templeton is one of the world’s leading global asset management firms.
King & Spalding advised the company on various structuring and regulatory aspects related to its establishment in the Kingdom. This is 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. It included partner Nabil A. Issa, senior associates Sayf Shuqair and Saud Aldawsari, and associates Jamie Kershaw, Meshaal Alyahya, Husam Alhmary and Husni Al-Far.
