Latest news with #MohammedSulaimanAlRumaih
South China Morning Post
3 days ago
- Business
- South China Morning Post
Thematic Hong Kong AI and biotech ETFs may be offered on Saudi Exchange
Thematic exchange-traded funds (ETFs) tracking Hong Kong-listed artificial intelligence (AI) and biotechnology firms could be listed on the Saudi Exchange, which would pave the way for cross-border listings and closer ties between the two markets, according to the CEO of the largest bourse in the Middle East. Hong Kong companies might also have a chance to list by offering depositary receipts on the Riyadh-based exchange, also known as Tadawul, under new rules proposed by Saudi Arabia's regulator, said Saudi Exchange's Mohammed Sulaiman Al-Rumaih in an interview at the Capital Market Forum in Hong Kong on Thursday. 'What we have heard from some fund managers is that they are exploring some thematic ETFs of Hong Kong [stocks] to list on Tadawul,' he said. 'This is something that we are excited about.' There was investor appetite for themes like AI and biotechnology and fund managers hoped to build on the success of ETFs already listed on Tadawul, he said. Gong-striking ceremony to mark the debut of Premia BOCHK Saudi Arabia Government Sukuk ETF in Hong Kong on May 29. Photo: Enoch Yiu Al-Rumaih was also present at the listing of the Premia BOCHK Saudi Arabia Government Sukuk ETF on the Hong Kong stock exchange. The city's first Islamic bond ETF closed 1.8 per cent higher on its debut on Thursday.
Bloomberg
7 days ago
- Business
- Bloomberg
Enjoying a Very Healthy IPO Pipeline: Saudi Exchange CEO
Saudi Tadawul Group and the Hong Kong Exchange are co-hosting the Capital Markets Forum at the HKEX. It comes as Saudi Arabia and Hong Kong pursue deeper capital market ties in order to boost liquidity and stimulate cross-border investment on both sides. Saudi Exchange CEO, Mohammed Sulaiman Al-Rumaih joined Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche exclusively from Hong Kong. (Source: Bloomberg)
