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Saudi Exchange CEO: Chinese investors hold over $4.8B in Saudi market

At the Saudi Capital Market Forum on September 3, Mohammed Al-Rumaih, CEO of the Saudi Exchange, said that in 2024 two ETFs investing specifically in Saudi Arabia were listed in Shanghai and Shenzhen, facilitating Chinese investment. Over 400 Chinese institutional and non-institutional investors now participate in the Saudi capital market, with holdings exceeding $4.8 billion.

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AI take

This disclosure signals a tangible deepening of cross-border capital flows between China and Saudi Arabia, driven by the 2024 ETF listings. The scale of Chinese participation—over 400 investors and $4.8 billion in holdings—underscores the success of these state-level financial bridges, which may influence how other Gulf markets court Asian capital. The open question is whether this momentum translates into broader, sustained engagement beyond the initial ETF-driven influx, or if it remains concentrated in these vehicles. Watching for further product launches or diversification of investor types would clarify the trajectory of this bilateral financial integration.

Generated by AI for reference only.

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