Arab News, Wednesday, Feb 08, 2023 | Rajab 17, 1444
Saudi, Hong Kong bourses sign MoU to explore listing opportunities
Saudi Arabia: Saudi Tadawul Group
Holding Co. has signed a memorandum of understanding with Hong Kong Exchanges
and Clearing to work together to explore listing opportunities and collaborate
in sectors such as fintech and environmental, social and governance, according
to a tweet by the parent company of the Saudi Exchange.
The MoU reflected the HKEX’s “ongoing commitment
to driving global connectivity and shaping a successful shared sustainable
future,” said Nicolas Aguzin, CEO of the Hong Kong bourse operator.
“This MoU brings us one step closer toward
enabling cross listings and other areas of collaboration between Saudi Arabia
and Hong Kong,” Tadawul CEO Khalid Al-Hussan was quoted as saying by the Chinese
media.
“As we seek to position the Saudi capital market
as an investment hub between East and West, we are seeing increased interest
from issuers and investors in Asia.”