Riyadh – Mubasher: HSBC Saudi Arabia announced that it has ended the suspension of subscription and redemption requests for HSBC MSCI Tadawul 30 Saudi exchange-traded fund (ETF) units.
The decision is effective from the beginning of 23 December 2019 due to finalizing the rebalancing of the fund’s basket according to the new funds’ nature, according to a statement to the Saudi Stock Exchange (Tadawul).
The suspension was announced yesterday for applying the rebalancing of the fund’s basket in order to be in line with the new nature of the fund.
It is worth noting that the MSCI Tadawul 30 (MT30) Index is jointly launched by MSCI and Tadawul.
