S&P Global Ratings Presented With Kingdom Of Saudi Arabia 100% Foreign Owned Investment License At London Event

S&P Global Ratings was today formally presented with its Kingdom of Saudi Arabia 100% Foreign Owned Investment License in a ceremony at the Saudi-British Business Forum 2018 in London.

S&P Global Ratings opened its branch in Riyadh in October 2017, as part of an expansion of its operations in the Middle East. It was the first international credit rating agency to be licensed to conduct credit rating activities in the Kingdom.

Yann Le Pallec, Executive Managing Director, S&P Global Ratings, accepted the license on behalf of S&P Global Ratings. Commenting on the presentation of the license, he said:

“We are very pleased to have received our license at today’s ceremony in London. I would like to extend my sincere thanks to SAGIA, as well as the Capital Markets Authority and other government ministries who have supported our establishment in this important market. We look forward to working more closely with all parties to help provide access to a deeper pool of capital.