Mohammed Yaseer’s Post

Saudi companies, including those backed by the Public Investment Fund (PIF) and listed on the Saudi Exchange (Tadawul), may explore listings in Hong Kong, according to Carlson Tong Ka-shing, Chairman of Hong Kong Exchanges and Clearing (HKEX). He mentioned this possibility during discussions with the South China Morning Post, highlighting that both Tadawul and the PIF are interested in this initiative. Ka-shing stated, “It is a win-win situation for Saudi companies to list in Hong Kong as they can raise funds to diversify their economy,” while also allowing Hong Kong and international investors access to the Gulf economy. He was part of a 110-member delegation from Hong Kong, led by Financial Secretary Paul Chan Mo-po, at the 8th Future Investment Initiative (FII) summit in Riyadh. At the summit, two exchange-traded funds worth a total of $1.8 billion were listed on Tadawul, enabling Middle Eastern investors to trade Hong Kong stocks for the first time. #SaudiArabia #HongKong #PIF #Tadawul #HKEX #Investment #FII2024 #EconomicDiversification

Saudi companies, including those backed by the Public Investment Fund (PIF) and listed on the Saudi Exchange (Tadawul), may explore listings in Hong Kong, according to Carlson Tong Ka-shing, Chairman of Hong Kong Exchanges and Clearing (HKEX). He mentioned this possibility during discussions with the South China Morning Post, highlighting that both Tadawul and the PIF are interested in this initiative. Ka-shing stated, “It is a win-win situation for Saudi companies to list in Hong Kong as they can raise funds to diversify their economy,” while also allowing Hong Kong and international investors access to the Gulf economy. He was part of a 110-member delegation from Hong Kong, led by Financial Secretary Paul Chan Mo-po, at the 8th Future Investment Initiative (FII) summit in Riyadh. At the summit, two exchange-traded funds worth a total of $1.8 billion were listed on Tadawul, enabling Middle Eastern investors to trade Hong Kong stocks for the first time. #SaudiArabia #HongKong #PIF #Tadawul #HKEX #Investment #FII2024 #EconomicDiversification

✨ Exciting News for Global Investors! 🌐 🔗 The World of Finance has hit a milestone with the Global Capital Markets Forum kicking off in Hong Kong!  Committees from the Saudi Tadawul Group and Hong Kong Exchanges and Clearing Limited (HKEX) have opened the doors to over 650 esteemed leaders, investors, and influential figures, setting the stage for a monumental announcement. 🤝 Hong Kong and Saudi Arabia are bridging gaps and strengthening ties with a brand-new exchange-traded fund (ETF) that echoes the Hong Kong stock market indices, crafted in collaboration with Saudi partners. This ETF is not just a financial instrument; it's a beacon of increased investment and partnership between these dynamic markets. 📈 Following the success of the Hong Kong ETF tracing Saudi Arabia's FTSE Index, this new venture is yet another pillar supporting the burgeoning financial relationship between the regions. Furthering the collaboration, we have Cathay Pacific resuming direct flights and the buzz around a new Hong Kong economic office in Riyadh. Get ready for fresh investment horizons that promise to reshape the financial landscape in KSA. Discover more:  https://lnkd.in/d69cAng7 #HongKong #SaudiArabia #ETF #StockMarket #Investment #Finance   #SaudiNews #Vision2030 #investsaudi #businesslink #HKEX

I’m pleased to see IFC - International Finance Corporation’s offshore bond issuance in Uzbek soum, raising over UZS 250 billion, the equivalent of $20 million. The proceeds of this fixed-rate coupon local currency bond will finance the sustainable expansion of Uzbekistan’s beverage industry.   It is IFC’s longest-dated UZS bond to date and the issuance gives offshore investors the ability to gain exposure to Uzbek soum. The bond is listed on the London Stock Exchange. Thank you to our investor, Record, and our dealer, Bank of America, for making this trade a success.    IFC leverages capital markets to enhance its ability to lend in local currency, helping businesses grow and avoid the risks related to borrowing in foreign currency. Elena Panomarenko Roland Maassen Sabina Maltseva, CFA, FRM Bakhtiyar Mirzoyev Flora Chao Martin Habel Keshav Gaur Tom Ceusters Hela Cheikhrouhou Neil McKain #localcurrency #offshorebond #capitalmarkets #Uzbekistan

China’s sovereign wealth fund is in talks to back a roughly $800 million investment vehicle that will take stakes in Middle East companies, the latest sign of the growing trade ties between Gulf oil exporters and the world’s second biggest economy. China Investment Corporation is working with Investcorp Holdings to put money into the Bahrain-based company’s Gulf-focused pre-IPO fund, according to people familiar with the matter. CIC’s investment in the fund, along with that of other major sovereign wealth funds from Abu Dhabi and Saudi Arabia, could be announced as soon as this month, the people said, asking not to be identified discussing non-public information. #china #middleeast #cic #investcorp #saudiarabia #uae #abudhabi #swf

#Investcorp Launches a USD 1 billion Platform, To Be Anchored by China Investment Corporation, to Invest in the #GCC and #China Investcorp, a leading global alternative investment firm, and China Investment Corporation (“CIC”), one of the world’s largest sovereign wealth funds, have today announced the launch of “Investcorp Golden Horizon” to invest in high-growth companies across Saudi Arabia, the rest of the countries of the Gulf Cooperation Council (the “GCC”) and China (the “Platform”). The Platform has a target size of USD 1 billion and will be anchored by reputable institutional and private investors from the GCC, as well as CIC. Target companies are expected to have high growth potential in attractive sectors, including consumer, healthcare, logistics and business services. The Investcorp Saudi Pre-IPO Growth Fund, which is part of the Platform, has already announced three investments in the GCC..... https://bit.ly/3Wea2RV Investcorp LetsTalkCity #Dubai #Business #Investment #UAE #GCC #MiddleEast

Exciting news for cross-border investment! China's approval of its first ETFs tracking Saudi stocks marks a significant milestone in deepening financial ties between the two nations. This move not only opens up new opportunities for Chinese investors to access Saudi equities but also strengthens the capital markets cooperation between the two countries. Looking forward to seeing the impact of this development on the global investment landscape. #China #SaudiArabia #ETFs #Investment #FinancialMarkets #CrossBorderInvestment

Hong Kong and Saudi Arabia Strengthen Economic Bonds with ETF Initiative In a strategic move to deepen economic relations, #HongKong announces the launch of an ETF in collaboration with #SaudiArabia, set to mirror Hong Kong's stock indices. To explore the potential of this unique partnership and its impact on the global financial landscape, visit Saudi Business News. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #ETF #EconomicTies #GlobalFinance #Investment #CapitalMarkets #StockIndices

China’s First #ETFs Investing in the #Saudi Market Set to Launch On June 19, the recently approved Saudi ETFs in China released their prospectuses and a series of related announcements, quickly finalizing key details such as issuance dates and fundraising scales. According to the announcements, the first two Saudi ETFs will go on sale on June 24 (next Monday) with the subscription period ending on July 2. Due to the limited QDII (Qualified Domestic Institutional Investor) quotas, each fund has a fundraising cap of 1 billion yuan, with a minimum online subscription requirement of 1,000 units or multiples thereof. Over the past year, some QDII funds have gradually attracted market attention due to their strong performance, with several closing temporarily to large subscriptions because of quota limitations. The Saudi ETFs will employ a cross-listing approach, achieving close tracking of the FTSE Saudi Arabia Index by investing in the underlying ETFs. The approval and issuance of the Saudi ETFs further diversify the range of available foreign investment options, providing mainland investors with an indexed investment tool for the Saudi market. For more information about China market, please continue to follow us. For our Singapore and Beijing event, please contact Huang（Mike） zhichao and Hangjie L.. #ETF #SA #China #QDII

Latest Stats from the IFN Investor Database: In Indonesia's Islamic funds market, income funds lead, representing 45.4% of all Shariah-compliant funds—showing significant growth among major markets like Malaysia, Saudi Arabia, Pakistan, and the UAE. For more insights and data, visit: https://ifninvestor.com/ #IFNInvestor #Islamicfinance #Investment #Indonesia