{"id":100298,"date":"2025-09-04T00:00:00","date_gmt":"2025-09-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/04\/pif-backed-saudi-bond-etf-cross-listed-on-singapore-exchange\/"},"modified":"2025-09-04T00:00:00","modified_gmt":"2025-09-04T00:00:00","slug":"pif-backed-saudi-bond-etf-cross-listed-on-singapore-exchange","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/04\/pif-backed-saudi-bond-etf-cross-listed-on-singapore-exchange\/","title":{"rendered":"PIF-backed Saudi bond ETF cross-listed on Singapore Exchange"},"content":{"rendered":"

\n

CAPITAL MARKETS-<\/p>\n

#1- <\/strong>Saudi bond ETF makes its debut in Singapore:<\/strong> US-based State Street Investment<\/a>Management<\/a> cross-listed the SPDR JP Morgan Saudi Arabia Aggregate Bond UCits ETF on the Singapore Exchange, with the Public Investment Fund (PIF) as the anchor investor, according to a press release<\/a>. The fund tracks the JP Morgan Saudi Arabia aggregate Index and gives investors exposure to fixed income instruments. <\/p>\n

REFRESHER-<\/strong> The PIF invested USD 200 mn in the Saudi-focused ETF \u2014 which launched on the Deutsche Boerse last December<\/a> before being listed in London and Milan \u2014 earlier this year<\/a> as a seed investor. The ETF targets USD- and SAR-denominated government and quasi-government debt instruments, including sukuk. <\/p>\n

\n

\n

#2- <\/strong>Merrill Lynch Kingdom of Saudi Arabia<\/a><\/strong> received the Exchange\u2019s approval to<\/strong> conduct <\/strong>market making on Flynas and Baan Holding Group shares as of today<\/strong>, according to a disclosure to Tadawul<\/a> released yesterday. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

\n

LOGISTICS-<\/p>\n

FedEx launched its first dedi<\/strong>cated flight to Saudi Arabia, <\/strong>establishing the Kingdom\u2019s first nonstop express route from the US and Europe, it said in a statement<\/a>. Operating six times a week on a B777 freighter, the service offers onward connections to Guangzhou and Shanghai and can transport oversized, heavy, temperature-controlled, and dangerous goods for sectors including energy, manufacturing, mining, healthcare, and automotive.<\/p>\n

The move supports FedEx\u2019s broader expansion in Saudi Arabia<\/strong>, which includes plans for a regional hub at King Salman International Airport and the rollout of FedEx Logistics to provide freight forwarding services.<\/p>\n

ICYMI-<\/strong> Earlier this week, the logistics giant inaugurated<\/a> its new Riyadh head office to oversee operations in Qatar, Bahrain, and Kuwait, and acquired its economic license<\/a> from the General Authority of Civil Aviation (Gaca).<\/p>\n

\n

OIL & GAS-<\/p>\n

Ades Holding signed a four-year contract extension worth an estimated SAR 808<\/strong> mn with <\/strong>QatarEnergy for its jackup rig Aquamarine Driller<\/strong>, it said in a disclosure to Tadawul<\/a> yesterday. The contract includes an option for three additional one-year extensions. <\/p>\n","protected":false},"excerpt":{"rendered":"

AND- FedEx debuts direct air freight service to the Kingdom<\/p>\n","protected":false},"author":1,"featured_media":100299,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[409,54,3603,10,1962,2939,481,403,1074,404],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-ades-holding","tag-also-on-our-radar","tag-baan-holding-group","tag-enterpriseam-ksa","tag-exchange-traded-fund-etf","tag-fedex","tag-flynas","tag-jp-morgan","tag-saudi-ports-authority-mawani","tag-snb-capital","wpautop","entry"],"acf":{"mongo_id":"4adc6605-c1c0-4baf-aad5-fc4efc8d956a","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/262.jpg","photo_position":"above","homepage_title":"","full_issue_title":"PIF-backed Saudi bond ETF cross-listed on Singapore Exchange","related_issue":[100279],"teaser":"AND- FedEx debuts direct air freight service to the Kingdom","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.a8bd1108-7e0c-44c5-b361-ced5a07c65e1.mp3"},"yoast_head":"\nPIF-backed Saudi bond ETF cross-listed on Singapore Exchange - 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