Hassana Investment Company and Franklin Templeton Financial Company have signed a Memorandum of Understanding (MoU) valued at $150 million to explore a strategic partnership related to investments in Saudi private credit opportunities.
By mobilizing institutional capital into the Saudi private sector, the partnership seeks to strengthen access to alternative financing for high-growth companies across the Kingdom.
The MoU to explore the Saudi private credit was signed by Hessa Alsheikh, Head of International Public Markets and Private Credit at Hassana Investment Company and Muneera H. Al Dossary, Chief Executive Officer, Franklin Templeton Saudi Arabia in the presence of Saad AlFadly, CEO and Board Member of Hassana Investment Company and Jenny Johnson, President and CEO of Franklin Templeton and Sandeep Singh, Head of CEEMEA and India at Franklin Templeton.
Hani Aljehani CIO – International Markets, Hassana
“Our longstanding partnership with Franklin Templeton encompasses both international and local markets. As one of the early entrants into the region’s fixed income space, Franklin Templeton has played a meaningful role in its development. We look forward to exploring opportunities in Saudi private credit, with the aim of broadening financing solutions for underserved segments of the market.”
“This strategic partnership is a testament to our continued commitment to the Saudi market. The MoU marks an important step in further strengthening the relationship between Hassana and Franklin Templeton, as both firms seek to collaborate on investment opportunities in the Kingdom, with a focus on supporting the growth of private sector enterprises, advancing economic diversification and contributing to the objectives of Vision 2030,” said Jenny Johnson, President and CEO of Franklin Templeton.
