Albilad Capital and KraneShares sign a memorandum of understanding to launch diverse investment products Albilad Capital, the leading company in providing innovative investment solutions and products, on the sideline of Financial Sector Conference 2023
Albilad Capital, the leading company in providing innovative investment solutions and products, on the sideline of Financial Sector Conference 2023 signed a memorandum of understanding with KraneShares, a company specializing in emerging markets and climate-related assets, to launch several investment products in the Saudi financial market.
Through this agreement, Albilad Capital and KraneShares aim to cooperate in launching a number of Exchange-Traded Funds listed on the Saudi financial market, which invest in emerging markets and the markets of Republic of China. This agreement also aims to provide diversified investment solutions for investors to access various assets in carbon asset class and climate-related assets as the first listing of its kind in the region's markets.
On this occasion, Mr. Zaid bin Muhammad Al-Mufarreh, CEO of Al-Bilad Capital, explained, "This agreement constitutes an extension of Al-Bilad Capital's efforts to build an integrated investment platform that offers innovative investment products that allow investors to access new asset classes and exposure to various financial markets through the Saudi Exchange with the aim of diversifying The investment solutions that we offer to institutional and individual investors wishing to diversify their investment portfolios. He added, "This agreement is an important step with KraneShares to achieve our common goals, and we hope to make an important contribution to the development of the financial market and create a more sustainable investment future for future generations."
For his part, Mr. Jonathan Kern, Founder and CEO of KraneShares commented,
"We see huge growth opportunities in Saudi Arabia, which is already the largest ETF market in the Middle East and North Africa region. We are excited to partner with Albilad Capital, the leading Saudi company in this space, to offer KraneShares Exchange Traded Funds to this market," said Jonathan Crane, CEO of KraneShares. KraneShares specializes in China and climate/carbon ETFs. We believe that our ETFs can offer excellent growth and diversification benefits to Saudi InvesAbout Al-Bilad Capital
Al-Bilad Capital was established in 2008, and it is the investment arm of Bank Al-Bilad, to provide investment services and products such as: dealing, arranging, advising, custody, investment management and operation of funds, managing investments in Securities, investment banking consulting, corporate financeand brokerage services, in addition to asset management services through investment funds and private portfolios.
Albilad Capital seeks to meet the needs of individual and institutional investors by providing innovative Sharia-compliant investment products and services.
About KraneShares
Founded in 2013, KraneShares is an investment firm that specializes in managing China and emerging market ETFs as well as climate/carbon assets. They are for providing various investment solutions that provide diversity to investors of all kinds.