Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) announced that the units of Albilad C-Sub MSCI Hong Kong China Exchange Traded Fund (ETF) from Albilad Financial Company will be listed and traded as an exchange-traded fund on the main market.

Tadawul clarified, in a statement today, Monday, that the fund will be listed starting next Wednesday, October 30, 2024, with the trading symbol 9410 and the international symbol SA165054J149 , and the daily fluctuation limits will be +/- 10 % .

Albilad Financial Company (Albilad Investment) revealed this morning the results of the initial offering of Albilad C-Sub MSCI Hong Kong-China Shares ETF .

Albilad Capital said in a statement on the Tadawul website that the amount raised from the initial offering of Albilad C-Sub MSCI Hong Kong-China Shares Exchange Traded Fund amounted to 4.49 billion Saudi riyals, and the fund’s offering period ended on October 27.

On September 17, the Saudi Capital Market Authority announced its decision approving Albilad Investment Company’s request to offer units of the “Albilad C-Sub MSCI Hong Kong and China Shares ETF” on the market as units of an exchange-traded index fund whose units are offered publicly.

To trade and invest in the Gulf stock exchanges, click here

Follow the latest stock market and economic news through our Telegram channel

Nominations:

Future Investment Initiative attracts Wall Street moguls, $28 billion in deals expected

Housing launches financing solution initiative with lowest profit margin for “Sakani” beneficiaries

Capital Market Authority approves increasing the capital of the "Saudi Fransi" bank to 25 billion riyals