HKEX Signs Cooperation Agreement with Saudi Tadawul Group

The Hong Kong Exchanges and Clearing Limited (HKEX), the Hong Kong Stock Exchange, has published a press release to announce that it has signed an agreement with the Saudi Tadawul Group Holding Company, the stock exchange operator in the Kingdom of Saudi Arabia to „explore cooperation in a number of areas that will bring mutual benefit to both organisations’ financial markets.“ The agreement entails a close cooperation between the two exchanges to enable the cross-listing of issuers on either exchange, to further advance the deployment of FinTech, and to promote ESG in financial markets. The overall objective of the agreement is to expand the investment opportunities of (international) investors and advance the listing opportunities of public companies.