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

30/10/2024 Argaam
Tadawul trading screen

Tadawul trading screen

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

 

The fund, managed by Albilad Capital, will trade with the symbol 9410 and ISIN Code SA165054J149, with +/- 10% daily price fluctuation limits, according to a Tadawul statement.

 

For More IPOs

 

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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