The Saudi Stock Exchange (Tadawul) announced the listing and trading units of AlBilad Gold ETF as an Exchange Traded Fund (ETF) as of today, June 2, 2020 under the symbol 9405.
The fund’s terms and conditions can be obtained from Tadawul website.
This Sharia-compliant fund is the first of its kind in the region and mainly invests in gold futures.
In February 2020, the Capital Market Authority (CMA) approved AlBilad Investment Company’s request to offer Albilad Gold ETF units on Tadawul as an ETF, Argaam reported.
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