NDF, State Street tie up to boost investor access to Saudi markets

State Street and the National Development Fund signed an agreement to expand global investor access to Saudi markets

State Street Investment Management and Saudi Arabia’s National Development Fund (NDF) announced today, Nov. 20, the signing of a strategic cooperation agreement aimed at enhancing global investors’ access to the Saudi market and supporting Vision 2030 through accelerating the Kingdom’s financial transformation.

According to a statement sent to Argaam, the company said the agreement, announced during the US–Saudi Investment Forum, focuses on developing new and innovative products that give investors expanded opportunities to access Saudi financial markets.

Under the agreement, the two institutions will co-develop the exchange-traded funds, with the potential to introduce additional investment instruments. State Street Investment Management will also exchange training and expertise with the NDF to help advance national capabilities and accelerate market development.

The step aligns with the fund’s strategy to drive the growth of Saudi financial markets, diversify investment channels, and attract more global investors.