Riyadh – Sharikat Mubasher: The Public Investment Fund (PIF) and State Street Investment Management rolled out a new Saudi-focused exchange-traded fund (ETF), further expanding international access to the Kingdom’s equity market.
As per a recent press release, the new State Street Saudi Arabia Enhanced Active Equity UCITS ETF (SAQL) includes PIF as an anchor investor and actively invests in Saudi-listed equities using a quantitative, multi-factor stock selection model.
The fund is primarily listed on Germany’s Xetra exchange and cross-listed on the London Stock Exchange, where a bell-ringing ceremony marked its debut. It will also be available to investors across key European markets.
The launch aligns with PIF’s broader strategy to deepen and diversify Saudi Arabia’s capital markets by attracting foreign capital, broadening financing channels for the private sector, and introducing new investment products. It represents the second State Street IM ETF backed by PIF as an anchor investor and the fifth ETF investment by the fund across nine global markets.
Yazeed Al-Humied, Deputy Governor and Head of MENA Investments at PIF, said the initiative strengthens the Kingdom’s capital market ecosystem by opening new pathways for international investors and expanding product offerings while enhancing liquidity and market depth.
Yie-Hsin Hung, Chief Executive Officer of State Street Investment Management, said the partnership reflects continued collaboration with PIF and highlights Saudi Arabia’s growing appeal as a rapidly evolving and increasingly sophisticated investment destination.
The SAQL ETF provides systematic exposure to Saudi equities through a data-driven investment approach, reflecting the growing maturity of the Kingdom’s capital markets. It adds to a growing range of Saudi-focused financial products listed on international exchanges as both institutions continue to strengthen cross-border investment channels.
