SAUDI ARABIA: SAB Invest, a fully-owned investment subsidiary of Saudi Awwal Bank, launched an exchange-traded fund (ETF) built on a quantitative investment strategy adapted from an HSBC model. It uses rules-based modeling to identify market inefficiencies and construct a diversified, Shariah compliant portfolio based on value and momentum factors. The SAB Invest Saudi Quant ETF is publicly listed and tradable on the Tadawul Main Market.
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