Hang Seng Invest, SAB Invest launch ETF
The ETF will debut on the Saudi Exchange on 31 October 2024.
Hang Seng Investment, in collaboration with SAB Invest, has launched the SAB Invest Hang Seng Hong Kong ETF.
The ETF is set to debut on the Saudi Exchange (Tadawul) on 31 October 2024. It will fully invest into the Tracker Fund of Hong Kong.
SAB Invest is a subsidiary of the Saudi Awwal Bank.
The collaboration between Hang Seng Investment and SAB Invest is part of the Hang Seng Bank's expansion into the Middle East.
The launch of the ETF represents “a significant step toward strengthening the financial bridge between Hong Kong and the Middle East,” said Rosita Lee, director and CEO of Hang Seng Invest.