Saudi Arabia opens a new window for international fixed -income investors by Singapore
States Street Investment Management Company, affiliated with Street Corporation, which specializes in asset management, announced the inclusion of Saudi-SBR-JB-MPM Morgan, the Bonds compositions in the Singapore Stock Exchange, with investment support of the Saudi public investment fund, and focusing on fixed income instruments in the Saudi Finance. According to a press release issued by the Public Investment Fund, this fund, run by ‘State Street for Investment Management’, is the result of a preliminary investment by the Saudi public investment fund, and is focusing on fixed income instruments in the Saudi market, including the government and US government related to the US Dollar is. A global list in accordance with Vision 2030 This listing falls within the framework of the efforts of the Public Investment Fund to support the Saudi Vision 2030 by attracting foreign capital and enabling international investors to reach investment opportunities in the local market. The fund was launched for the first time in December 2024 by the German “Essera” scholarship, before it was later available in the British and Italian markets to be the first Saudi Filed Revenue Fund in Europe. “The inclusion in the Singapore market today is an important achievement that keeps pace with our continuation to improve the flow of investment to the kingdom, and this reflects the high world confidence in the Saudi economy, in conjunction with the increase in the ability of Singaporese investors to reach capital markets in the region,” said Abdul Majeed Al -Haqbani, head of the Securities Investment Department, at the Public Investment Fund said. He added: “This list allows the growth of the financial market system in the kingdom, and supports the economic transformation in accordance with the Saudi Vision 2030, and reflects the commitment of the Public Investment Fund to improve the possibilities of investors from around the world to the Saudi market and provide exciting opportunities for international investments.” Global geographical expansion and the inclusion of the new fund in Singapore come within a series of initiatives implemented by the Public Investment Fund in the Global Markets, which includes the inclusion of the first indicator fund on the Hong Kong Stock Exchange with a volume of one billion dollars, in addition to the inclusion of two boxes in the Shanzen and Shanhai July 2024 with a total total dollar. Another fund on the Tokyo Stock Exchange was also included in December of the same year. In January 2025, the Saudi Sovereign Fund announced an investment of 750 million Riyals (200 million) in the SBR-JB Morgan, the Federal Council, to become the first Saudi-used indicator fund for fixed income instruments to be set in Europe.