#Latest news with #OsamaAlowediBloomberg07-05-2025BusinessBloombergHSBC-Backed Firm Launches Saudi Arabia's First Quant ETFSaudi Awwal Bank 's investment arm SAB Invest has launched the kingdom's first quantitative exchange-traded fund as the Gulf nation seeks to diversify its capital markets and attract foreign investors. The ETF began trading on Monday, with a plan to raise $100 million this year from institutional and retail investors to invest in companies listed on the Saudi stock exchange, according to Osama Alowedi, chief investment officer at SAB Invest. The fund tracks local equities.
Bloomberg07-05-2025BusinessBloombergHSBC-Backed Firm Launches Saudi Arabia's First Quant ETFSaudi Awwal Bank 's investment arm SAB Invest has launched the kingdom's first quantitative exchange-traded fund as the Gulf nation seeks to diversify its capital markets and attract foreign investors. The ETF began trading on Monday, with a plan to raise $100 million this year from institutional and retail investors to invest in companies listed on the Saudi stock exchange, according to Osama Alowedi, chief investment officer at SAB Invest. The fund tracks local equities.
07-05-2025
