On October 30th at 10 am Saudi time (3 pm Beijing time), the Albilad Southern East MSCI Hong Kong China Equity ETF was officially listed on the Saudi stock exchange. Within an hour of trading, the transaction volume of this ETF reached 1,154,806 Saudi Riyals (equivalent to about 2.2 million yuan in RMB), making it the highest trading volume ETF in the entire Saudi stock exchange.

It is understood that this ETF will invest no less than 95% of its assets in the Southern East MSCI Hong Kong Stock Connect Select ETF listed on the Hong Kong Stock Exchange. This is the first ETF in Saudi Arabia to invest in the Hong Kong stock market, which is of milestone significance. The initial scale of the Albilad Southern East MSCI Hong Kong China Equity ETF exceeds 1.2 billion USD, making it the largest ETF in the Middle East upon listing.

In addition, the Albilad Southern East MSCI Hong Kong China Equity ETF adopts a passive investment strategy, investing in the Southern East MSCI Hong Kong Stock Connect Select ETF to track the performance of the MSCI Hong Kong Stock Connect Select Index. The index selects the top 30 companies by market capitalization from the MSCI China Index and MSCI Hong Kong Index, which are listed on the Hong Kong Stock Exchange and comply with Islamic investment principles. This ETF provides Saudi Arabian investors with the first opportunity to directly participate in the diverse economic growth potential of China, involving industries such as consumer goods, healthcare, and technology. Public information shows that Albilad Capital is the investment manager of Albilad Southern East MSCI Hong Kong China Equity ETF.

Established in 2008, Albilad Capital is the largest ETF issuer in Saudi Arabia, with its ETF assets under management accounting for 70% of the Saudi market share, and the number of unit holders of its ETFs accounting for 60% of the Saudi market share. Previously, on November 29, 2023, Southern East launched the Southern East Saudi Arabia ETF in Hong Kong, which was the first Saudi ETF in the Asia-Pacific region and is currently the largest Saudi ETF globally, with an asset management scale of about 10 billion Hong Kong dollars. On July 16, 2024, the Southern East Saudi Arabia ETF was successfully introduced to the Chinese mainland market through the Mainland and Hong Kong ETF mutual listing mechanism.

Hong Kong Special Administrative Region Financial Secretary Paul Chan said: "Following the listing of the first ETF investing in the Saudi market in Hong Kong last November, we are delighted to welcome the first ETF investing in Hong Kong stocks launched by Southern East in Saudi Arabia, providing Middle Eastern investors with convenient access to invest in Hong Kong and even the Chinese mainland market, promoting two-way capital flow and two-way connection between our stock markets in Saudi Arabia and Hong Kong. As the largest ETF in the Middle East, it will also introduce more international investors and capital sources to the Hong Kong market, enriching the investment products in the Saudi market and aiding in the development of its ETF market, creating a win-win situation."