Saudi Arabia's 1st ETF tracking Hong Kong stocks debuts on Saudi Stock Exchange


By [e]Suad

RIYADH, Oct. 30 (Xinhua) -- Saudi Arabia's first exchange-traded fund (ETF) tracking the Hong Kong equity market debuted Wednesday on the Saudi Stock Exchange.

With an initial size of over 1.2 billion U.S. dollars, the ETF, the Albilad CSOP MSCI Hong Kong China Equity ETF, became the largest ETF in the Middle East upon its listing.

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