Saudi Arabia approves first exchange-traded funds tracking Hong Kong-listed equities

Quick Summary:

Saudi Arabia’s CMA said it approved AlBilad Investment Company’s request to offer "Albilad CSOP MSCI Hong Kong China Equity ETF” units on the Saudi Stock Exchange.

Last November, Hong Kong launched Asia’s first ETF tracking Saudi equities – CSOP Saudi Arabia ETF – and has been actively seeking cross-listing opportunities in both capital markets.

However, the regulator did not disclose the fund’s launch schedule.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: Hong KongChinaSaudi Arabia

Topics: Csop Asset First Arabia Kong Hong Capital Saudi Tracking Granted Equities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 17:10:54 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 155 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22564586

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