Albilad CSOP MSCI ETF Launches on Tadawul

Several Kuwaiti companies are planning to list on the Saudi Exchange, with intentions to start next year, according to Firas Al-Salem, Chairman of the Kuwaiti Business Council. He emphasized the importance of Saudi Arabia's economy, which is the largest in the region and offers significant incentives for foreign investment. Additionally, the Albilad CSOP MSCI Hong Kong China Equity ETF was recently launched, marking the largest ETF listing in MENA history, valued at 4.49 billion Saudi Riyals and trading under the symbol 9410. This fund, the first of its kind in Saudi Arabia, will invest in major Chinese companies listed in Hong Kong while adhering to Shariah guidelines. The ETF's debut on the Saudi Stock Exchange was attended by high-profile officials from Hong Kong and Saudi Arabia, highlighting the growing financial ties between the regions. The collaboration aims to enhance investment opportunities for Middle Eastern investors in Asian markets.