Saudi Arabia grants 100% full ownership license to S&P

11/03/2018 Argaam

 

S&P Global Ratings has been awarded a 100 percent foreign-owned investment license in Saudi Arabia, the global ratings agency said in a statement on Saturday.

 

The agency opened a branch in Riyadh in October 2017, as part of an expansion of its operations in the Middle East.

 

It is also the first international credit rating agency to be licensed to conduct credit rating activities in the Kingdom, the statement added.

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