HSBC has completed the first Securities Lending transaction in Saudi Arabia, marking a key milestone for the Kingdom’s capital markets and Saudi Vision 2030.
As a custodian and agent lender on the transaction for a large regional asset owner, HSBC has been enabled to borrow Saudi Arabian equities from the asset owner through its role as the prime broker.
The bank has provided a global institutional investor access to Saudi Arabia's burgeoning equities market through the transaction.
The Saudi Stock Exchange (Tadawul) is currently placed among the world's top ten exchanges, with securities amounting to about $2.4 trillion.
