In a landmark move set to fortify financial ties, Japan and Saudi Arabia are on the verge of finalizing an agreement to list an exchange-traded fund (ETF) that will track Saudi stocks on the Tokyo exchange. This pioneering ETF is anticipated to make its debut concurrent with the state visit of Saudi Arabia’s Crown Prince Mohammed bin Salman to Japan.
The Crown Prince’s itinerary includes a scheduled meeting with Japanese Prime Minister Fumio Kishida, where discussions will revolve around enhancing bilateral financial cooperation.