GTN and SBI Group have successfully launched the "SBI Saudi Arabia Equity Exchange Traded Fund (ETF)," marking a significant milestone in their collaboration aimed at connecting Japanese investors with Saudi Arabia’s dynamic and rapidly growing financial markets. The ETF was officially listed on the Tokyo Stock Exchange on October 31, 2024, after receiving approval from financial regulators.
This collaboration stems from a Memorandum of Understanding (MOU) signed in May 2024 in Tokyo during the Saudi Japan Vision 2030 event. The event was attended by prominent figures, including H.E. Eng. Khalid bin Abdulaziz Al-Falih, the Minister of Investment of Saudi Arabia, highlighting the strong bilateral ties between Japan and Saudi Arabia, as well as the shared vision for economic development under Saudi Arabia’s ambitious Vision 2030.
The new ETF is designed to track the performance of the "MSCI Saudi Arabia Index" on a yen equivalent basis, offering Japanese investors a unique opportunity to gain exposure to the Saudi equity market. With Saudi Arabia’s significant economic transformation and growing role in global financial markets, the launch of this ETF aims to attract investors looking for opportunities in one of the world’s most rapidly evolving economies.
The launch of the ETF is in direct alignment with Saudi Arabia's Vision 2030, a national plan to diversify the economy, reduce dependency on oil, and enhance the financial sector. The fund will provide international investors, particularly from Japan, a chance to tap into Saudi Arabia’s robust growth sectors, including technology, infrastructure, energy, and entertainment.
The launch of the SBI Saudi Arabia Equity ETF is expected to play a key role in attracting more international capital to the Saudi market. With its focus on Vision 2030 and the country’s evolving economic landscape, the ETF is well-positioned to attract both institutional and retail investors looking to participate in Saudi Arabia’s growth story.
As Saudi Arabia continues to transform its economy and develop its capital markets, products like the SBI Saudi Arabia Equity ETF will play an essential role in fostering global investment interest and contributing to the country’s economic diversification goals.
The collaboration between GTN and SBI Group reflects the growing synergies between Japan and Saudi Arabia, reinforcing the two nations’ economic partnership and their mutual commitment to fostering long-term growth and sustainability.
