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0.000181554103122694 0.000544662309368083 -0.000726216412491036 -0.00090777051561373 0.000181554103122694 -0.00108932461873642 -0.00181554103122733 -0.00236020334059554
Stock impact report

Franklin (BEN) Opens Office in Saudi Arabia, Gets Licenses [Yahoo! Finance]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Franklin obtained a “Managing Investments and Operating Funds” license and an “Advising” license from Saudi Arabia's Capital Market Authority. The move comes when Saudi Arabia seeks to draw more foreign businesses to open up offices through its regional headquarters program as part of its economic transformation initiative ‘Vision 2030'. "The Middle East is a key region for Franklin Templeton. We are delighted that Saudi Arabian investors now have local access to the firm's global strength through its robust global platform and public and private market offerings", per Franklin's management. Franklin's global presence includes the United States, Europe, the Middle East and Africa (EMEA), the Asia Pacific, Canada and Latin America. As of Dec 31, 2023, BEN provided service to clients in more than 150 countries, with around 1,300 investment professionals. It had $1.4 trillion of AUM as of the same date. In the past few years, BEN has grown through acquisitions, thereby, enhancin Show less Read more
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