Albilad CSOP MSCI Hong Kong China Equity ETF makes debut on TASI today

ALBILAD HONG KONG CHINA ETF

ALBILAD HONG KONG CHINA ETF

9410.SA

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Albilad CSOP MSCI Hong Kong China Equity ETF(9410.SA) started trading on the Main Market (TASI) today, Oct. 30, as an exchange traded fund (ETF).

The fund’s public offering was approved by the Saudi market regulator in September.

The fund is the first of its kind in Saudi Arabia, investing in the largest Chinese companies listed on the Hong Kong market in compliance with Albilad Capital’s Shariah guidelines. It is Albilad Capital’s sixth ETF.

The fund raised about SAR 4.49 billion in offering proceeds. It commenced operations today.

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