Saudi ETFs to include debt, commodities

Saudi ETFs to include debt, commodities. (AP)

Saudi Arabia will allow its planned exchange-traded funds (ETFs) to include Islamic bond and commodity instruments in addition to Saudi shares, the Saudi stock exchange Tadawul said.

The Capital Market Authority will also allow exchange traded funds that include only Saudi shares to be listed on foreign bourses, Tadawul said in a statement. "Exchange Traded Funds (ETFs) are not limited to stocks alone but can also include sukuk or commodities such as gold and silver."

 

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