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growth and innovation in the saudi banking sector
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.
Saudi Arabia launches largest ETF tracking Chinese stocks in Hong Kong
Saudi Arabia is set to launch its largest exchange-traded fund, the Albilad CSOP MSCI Hong Kong China ETF, which will track Hong Kong equities. The fund has raised HK$10 billion ($1.3 billion) and will begin trading next Wednesday, marking a significant step in the financial relationship between China and the kingdom. This ETF surpasses all others listed on the Saudi exchange, highlighting the growing investment ties.
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