UAE firm plans Abu Dhabi-listed ETF to play Saudi equities boom | Reuters:
"A United Arab Emirates financial firm plans to create an exchange-traded fund focused on Saudi Arabian equities and list it on the Abu Dhabi Securities Exchange, tapping into surging regional demand for Saudi shares. Only a few exchange-traded fund (ETFs), which track indexes, are listed in the Gulf, and the planned product is believed to be the first cross-border ETF listed in the region and focused solely on Saudi Arabia, fund managers said. ADS Investment Solutions, a subsidiary of ADS Securities, aims to list the ETF as soon as in the next few weeks, depending on regulatory approvals, Ryan Lemand, senior executive officer at ADS Investment, said on Tuesday."
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