Albilad MSCI Saudi Growth ETF to make debut on Tadawul on Jan. 31

29/01/2024 Argaam

Albilad MSCI Saudi Growth ETF to make debut on Tadawul on Jan. 31

Logo of Albilad Capital

Albilad MSCI Saudi Growth ETF will start trading on the main market (TASI) on Jan. 31, with the symbol 9408 and ISIN Code SA160G54J043, the Saudi Exchange (Tadawul) said in a statement.

 

The fund will trade with ±10% daily price fluctuation limits, it added.

 

The initial public offering (IPO) of Albilad MSCI Saudi Growth ETF closed on Jan. 24, garnering SAR 19 million in proceeds, exceeding the fund manager’s target of raising SAR 10 million. Units were priced at SAR 10 each, Argaam’s data showed.

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