Kohlberg Kravis Roberts Awarded License in Saudi Arabia

Kohlberg Kravis Roberts KKR today announces that KKR Saudi Limited has received an Arranging License from the Capital Market Authority (CMA) to conduct business in Saudi Arabia. The license will enable KKR to expand its operations in the region and it plans to actively seek investment opportunities in the Kingdom. Commenting on the announcement, Ambassador Ford M. Fraker, Senior Advisor and Chairman of KKR Middle East and North Africa, said, “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.”