The signing of the agreement
Franklin Templeton Financial Company (FTFC) signed today a non-binding memorandum of understanding (MoU) with the Public Investment Fund (PIF) to partner in investing up to $5 billion (SAR 18.8 billion) to further develop Saudi Arabia’s financial markets. 
These investments may range across Saudi equity and fixed income strategies in the public and private markets, aiming to broaden investment offerings for both Saudi and international investors, according to a statement.
Under the MoU, both entities seek to collaborate on a range of investment strategies and products in Saudi Arabia, with the goal of developing opportunities that align with their shared objectives. Additionally, Franklin Templeton will deploy programs and initiatives to transfer knowledge, foster talent and promote innovation in the asset management sector.
The non-binding MoU is subject to satisfying certain necessary conditions including obtaining all necessary regulatory and internal approvals, and fulfilling specified milestones.
Franklin Templeton, a leading global investment manager, headquartered in California, has over 75 years of experience. With a 25-year presence in the Middle East, the firm further solidified its commitment to Saudi Arabia with the opening of its Riyadh office in March 2024. As of the end of April 2025, the firm’s total assets under management stood at $1.53 trillion.
The signing of the agreement
Franklin Templeton Financial Company (FTFC) signed today a non-binding memorandum of understanding (MoU) with the Public Investment Fund (PIF) to partner in investing up to $5 billion (SAR 18.8 billion) to further develop Saudi Arabia’s financial markets.
These investments may range across Saudi equity and fixed income strategies in the public and private markets, aiming to broaden investment offerings for both Saudi and international investors, according to a statement.
Under the MoU, both entities seek to collaborate on a range of investment strategies and products in Saudi Arabia, with the goal of developing opportunities that align with their shared objectives. Additionally, Franklin Templeton will deploy programs and initiatives to transfer knowledge, foster talent and promote innovation in the asset management sector.
The non-binding MoU is subject to satisfying certain necessary conditions including obtaining all necessary regulatory and internal approvals, and fulfilling specified milestones.
Franklin Templeton, a leading global investment manager, headquartered in California, has over 75 years of experience. With a 25-year presence in the Middle East, the firm further solidified its commitment to Saudi Arabia with the opening of its Riyadh office in March 2024. As of the end of April 2025, the firm’s total assets under management stood at $1.53 trillion.
