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-KKR start operations in Saudi Arabia.

Global Banking News-June 30, 2011--KKR start operations in Saudi Arabia(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 30 June 2011

Global investment firm Kohlberg Kravis Roberts & Co LP (KKR) has said that KKR Saudi Limited has received an arranging license from the Capital Market Authority (CMA) to conduct business in Saudi Arabia.

The license helps KKR to expand its operations in the region and it plans to actively seek investment opportunities in the Kingdom. KKR established a presence in the MENA region in 2008 and opened an office in Dubai in 2009.

'We are very pleased to announce that KKR has been awarded an Arranging License from the Capital Market Authority (CMA) to conduct business in Saudi Arabia. KKR is the first global U.S. private equity firm to be awarded a license to operate in Saudi Arabia, and this marks a further step in the development of KKR's presence in the region,' said Ambassador Ford M. Fraker, senior advisor and chairman of KKR Middle East and North Africa.

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Publication:Global Banking News (GBN)
Geographic Code:7SAUD
Date:Jun 30, 2011
Words:194
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