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Hong Kong has launched Asia’s first ETF tracking Saudi sovereign sukuk, the Premia BOCHK Saudi Arabia Government Sukuk ETF, listed on the Hong Kong Stock Exchange. This initiative, approved by the Securities and Futures Commission, aims to enhance financial cooperation between East Asia and the Middle East, coinciding with the Capital Markets Forum focused on boosting cross-border investment.The ETF, managed by Premia Partners, includes riyal- and US dollar-denominated sukuk and offers quarterly distributions with a fee cap of 0.35%. The launch reflects Saudi Arabia's commitment to elevating its capital markets globally, aligning with its Vision 2030 strategy to attract foreign investment.
Deutsche Bank, a global investment bank, operates in Saudi Arabia, offering a range of services including online and mobile banking, catering to both retail and corporate clients. The Saudi banking sector features several key players like Alinma Bank, Bank AlJazira, and HSBC Saudi Arabia, each providing diverse financial solutions and robust online banking services. The Saudi Arabian Monetary Authority ensures a secure banking environment, fostering trust and stability in the financial landscape.
HSBC Saudi Arabia
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Asia launches first Saudi sukuk ETF in Hong Kong to boost investment ties
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HSBC Saudi Arabia
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Mohammed Al Rumaih
Bonnie Chan
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06:18 30.05.2025
growth and innovation in the saudi banking sector
Bank AlJazira
Alawwal Bank JSC
bank muscat S.A.O.G
Emirates NBD Bank PJSC
Alinma Bank
HSBC Saudi Arabia
Bank Albilad
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DEU
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11:07 03.02.2025
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