20240519
Ding Chen, the CEO of CSOP Asset Management, stated that since the Saudi Investment Fund was listed in Hong Kong, it has raised $1 billion, making it the largest globally traded Saudi Investment Fund.
In an interview with Argaam, Ding Chen mentioned that the fund allows global investors to access the Saudi market, with significant interest from investors in Hong Kong.
The agreement to launch the fund was signed between Saudi Tadawul Group and CSOP on February 6, 2023, and it was officially launched on November 29, 2023.
Ding Chen explained that the fund covers most sectors of the Saudi market, including oil companies like Aramco, banks, technology, and industry, covering about 80% of the total market share.
She noted that the company is working with partners in Shanghai and Shenzhen to list the fund on the Shanghai and Shenzhen stock exchanges, allowing Chinese investors to invest in the Saudi market and increase liquidity in the Hong Kong Stock Exchange.