GTN and SBI Group collaborate to launch "SBI Saudi Arabia Equity Exchange Traded Fund (ETF)"

GTN and SBI Group Collaborate to Launch “SBI Saudi Arabia Equity Exchange Traded Fund (ETF)”

In a move that marks the first collaboration of its kind, GTN and SBI Holdings have joined forces to launch the “SBI Saudi Arabia Equity Exchange Traded Fund (ETF)” on the Tokyo Stock Exchange. This launch is significant as it offers investors a unique opportunity to tap into the potential of the Saudi Arabian stock market, which has been growing steadily in recent years.

The SBI Saudi Arabia Equity ETF is designed to track the performance of the FTSE Saudi Arabia All-Share Index, which includes a diversified portfolio of Saudi Arabian equities. The ETF will be listed on the Tokyo Stock Exchange and will be available for trading during Japanese business hours.

The launch of the SBI Saudi Arabia Equity ETF is a testament to the growing interest in the Saudi Arabian stock market, which has been fueled by the country’s economic reforms and its vision to diversify its economy. The fund offers investors a unique opportunity to gain exposure to the Saudi Arabian market, which has been traditionally difficult for foreign investors to access.

“We are thrilled to collaborate with SBI Holdings on this exciting initiative,” said GTN CEO, Yasushi Kikuchi. “The launch of the SBI Saudi Arabia Equity ETF represents a significant milestone in our efforts to provide investors with access to the rapidly growing Saudi Arabian market.”

SBI Holdings, one of Japan’s leading financial services firms, has been actively expanding its international footprint in recent years. The company’s collaboration with GTN on the launch of the SBI Saudi Arabia Equity ETF is a significant step forward in its efforts to tap into the potential of the Middle Eastern market.

“We are pleased to collaborate with GTN on this exciting initiative,” said SBI Holdings CEO, Yoshitaka Kitao. “The launch of the SBI Saudi Arabia Equity ETF offers investors a unique opportunity to gain exposure to the rapidly growing Saudi Arabian market, and we are confident that it will be well received by investors.”

The launch of the SBI Saudi Arabia Equity ETF comes at a time when the Saudi Arabian stock market is experiencing significant growth. The country’s economic reforms, including the introduction of new laws and regulations, have created an attractive environment for foreign investment. The fund’s listing on the Tokyo Stock Exchange also offers Japanese investors an opportunity to tap into the potential of the Saudi Arabian market.

“The launch of the SBI Saudi Arabia Equity ETF is a significant step forward in our efforts to promote economic cooperation between Japan and Saudi Arabia,” said His Excellency Mr. Fumio Kishida, Minister of Foreign Affairs of Japan. “We are confident that this fund will provide investors with an attractive opportunity to invest in the rapidly growing Saudi Arabian market.”

The launch of the SBI Saudi Arabia Equity ETF is also significant because it offers a new way for investors to access the Saudi Arabian market. The fund’s exchange-traded structure makes it easy for investors to buy and sell shares, providing liquidity and transparency.

“We believe that the SBI Saudi Arabia Equity ETF will be an attractive option for investors looking to gain exposure to the Saudi Arabian market,” said GTN’s Kikuchi. “The fund’s exchange-traded structure makes it easy for investors to buy and sell shares, providing liquidity and transparency.”

In conclusion, the launch of the SBI Saudi Arabia Equity ETF represents a significant milestone in the collaboration between GTN and SBI Holdings. The fund offers investors a unique opportunity to tap into the potential of the rapidly growing Saudi Arabian market, and we are confident that it will be well received by investors.