Tadawul announces trading of Albilad MSCI US Equity ETF from March 28

24/03/2022 Argaam
Logo ofAlbilad Capital

Logo of Albilad Capital

The Saudi Stock Exchange (Tadawul) announced today, March 23, the listing and trading of Albilad MSCI US Equity ETF units from March 28 under the ticker 9406 with a ±10% daily price fluctuation limit.

 

A total of SAR 30 million was raised through a public offering, according to fund manager Albilad Capital.

 

In December 2021, the Capital Market Authority (CMA) approved Albilad Capital's request to offer Albilad MSCI US Equity ETF units on Tadawul.

 

This fund is the first of its kind that trades in the local market and invests in the Sharia-compliant stocks listed in the US market.

 

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