The Public Investment Fund launches an index fund for Saudi stocks in Europe
The Public Investment Fund, in cooperation with State Street Investment Management, one of the largest asset managers in the world, today launched the Saudi Equity Enhanced Active ETF (SAQL), with an initial lead investment from the Public Investment Fund.The Public Investment Fund with the Fund’s strategy to enhance the strength and diversity of investment products in the Saudi financial market, by attracting international capital, empowering financial institutions, increasing financing options available to the private sector, and offering new investment products.
The new fund is the Public Investment Fund’s second investment with State Street to manage investments in exchange-traded funds.
The Public Investment Fund has so far participated in launching five exchange-traded funds with leading international asset managers in 9 global markets, by including new products. And innovative, focusing on the Saudi market in Hong Kong, London, Shanghai, Shenzhen, Tokyo and Frankfurt, in addition to Italy and Singapore.
Attracting global capital
Yazid Al-Hamid, Deputy Governor and Head of the General Department of Investments in the Middle East and North Africa at the Public Investment Fund, said: "The Public Investment Fund continues to strengthen the Saudi financial market system, by working with our partners to enable the attraction of global capital to the Saudi market."
He added: "Our ongoing partnership with State Street Investment Management reinforces our shared commitment to enhancing and diversifying products and offering new opportunities to international investors in the local market."
He continued: "The launch of the new fund contributes to continuing to empower the Saudi market, and is considered a continuation of a series of Public Investment Fund investments in exchange-traded funds around the world, with the aim of increasing product diversification, enhancing liquidity, and meeting market needs."
The Public Investment Fund’s strategic partnerships with leading global asset managers have contributed to attracting foreign investments to the Saudi market, with a number of asset managers establishing or expanding their presence locally.
Innovative Investment Products
Yi Shin Hong, CEO of State Street Investment Management, said: "We are excited to continue our partnership with the Public Investment Fund, by continuing to provide innovative investment products by launching a new ETF focused on the Saudi market to our European clients."
She added: "In recent years, Saudi Arabia has become a clear success story, with a rapid expansion of the local market in light of a supportive regulatory environment, which provides attractive prospects for investors from around the world."
She continued: "We are pleased to introduce a new product with a major investment from the Public Investment Fund that is consistent with our shared interest in innovation, benefiting from our long experience and commitment to quality."
With the launch of SAQL, State Street Investment Management is strengthening its range of innovative financial products, with a new product dedicated to Saudi stocks, giving investors greater access to the Kingdom’s economy, which is witnessing one of the most important economic transformations within the G20.
The listing of SAQL comes after the launch of a fund "SPDR – JP Morgan Saudi Bond Aggregator" In January 2025, it was listed by the company "State Street Investment Management" On the financial market in Singapore in September 2025.
The new fund is considered a quantitative fund that uses mathematical models, algorithms and data to manage investment portfolios.
The Saudi financial market has witnessed development beyond traditional sectors, with the maturity of market structure and data quality, which enables the new fund to use an active and organized investment method for Saudi stocks, and enhance the ability of international investors to access investment opportunities in the growing Saudi economy.
It will be The new ETF is available to investors in Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and the United Kingdom.
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