The Saudi Exchange is pleased to announce the signing of Head of Terms with Hang Seng Indexes Company (HSIL). This partnership is designed to enhance collaboration between the two parties, aiming to improve global visibility, business dynamics, and accessibility for the Saudi Capital Market.
As part of this agreement, the Saudi Exchange and HSIL will explore various areas of cooperation, including exchange of index data, product development and industry knowledge sharing. Both parties will also collaborate to increase public awareness and engagement in both markets.
The Head of Terms were signed by Mr. Mohammed Al-Rumaih, CEO of the Saudi Exchange and Mrs. Anita Mo, CEO of Hang Seng Indexes Company.
Commenting on the signing, Mohammed Al-Rumaih, CEO of the Saudi Exchange, said: “This new partnership with Hang Seng Indexes Company will contribute in enabling the Saudi Exchange to collaborate with a market leader in indices to unlock new opportunities for investors through innovative data and analytics products. In particular, we are seeing a groundswell of interest from markets across Asia, and in Hong Kong and Mainland China in particular, and this collaboration represents another milestone in facilitating access to the Saudi capital market for investors in the region.”
Mrs. Anita Mo, CEO of Hang Seng Indexes Company, said: “We are excited to build on the growing ties between Hong Kong and Saudi Arabia through this collaboration with the Saudi Exchange, the largest and most liquid stock market in the MENA region. This marks an important step in enhancing connectivity between our markets and fostering stronger bilateral relations. Together, we aim to develop products that will attract investors to both regions, particularly leveraging Hong Kong’s position as a leading international financial center and as a super connector between the mainland and the rest of the world.”
The Saudi Exchange was pleased to welcome the Hong Kong delegation, led by Financial Secretary Paul Chan Mo-po, during their recent visit to the Kingdom of Saudi Arabia.
