Arab Investment Company and Franklin Templeton Sign $70M Deal for Gulf Bond Fund
The Arab Investment Company (TAIC) has signed a $70 million partnership deal with global asset manager Franklin Templeton to invest in the Franklin Gulf Wealth Bond Fund.
Partnership announced at FII9
The agreement was signed during the Future Investment Initiative (FII9) event in Riyadh, as announced on Thursday.
TAIC said this investment will help improve its portfolio by adding more diversity and efficiency. The company aims to grow and expand by working with top global investment firms like Franklin Templeton.
“This agreement is an important step for us. It will help us build a balanced investment strategy and deliver steady returns for our shareholders,” said Abdullah S. Bakhraibah, CEO of TAIC.
The partnership will benefit from Franklin Templeton’s long experience in managing fixed-income investments, including bonds and sukuk, in both regional and global markets.
TAIC added that the collaboration will strengthen its position as a major institutional investor in Saudi Arabia and the wider Arab region.
About TAIC and Franklin Templeton
TAIC is a joint Arab company owned by 16 Arab governments and based in Riyadh. It invests in public and private markets and also supports venture capital projects.
Franklin Templeton has been active in the Middle East for 25 years. After opening its Riyadh office in March 2024, it now offers services such as MENA fixed income, global sukuk, Saudi equities, and private credit investments.
Franklin’s growing role in Saudi Arabia
Recently, Franklin Templeton registered eight global investment funds for qualified investors in Saudi Arabia, approved by the Capital Market Authority (CMA).
These funds cover a wide range of markets and sectors, including technology, AI, emerging markets, and Shariah-compliant investments.
In May 2024, Franklin Templeton also signed an agreement with Saudi Arabia’s Public Investment Fund (PIF) to invest up to $5 billion to develop the kingdom’s financial markets. The investment focuses on Saudi equities and fixed income, aiming to offer more options for both local and international investors.
Big picture
Franklin Templeton currently manages more than $1.6 trillion in assets worldwide.
Published: 31th October 2025
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