HSBC Saudi Arabia appointed Albilad Investment Co. as an independent custodian for HSBC MSCI Tadawul 30 Saudi ETF, it said in a statement to Tadawul today, June 21.

 

The statement clarified that the fund manager faced technical issues, which led HSBC Saudi Arabia to act as the fund's custodian.

 

The bank said work is underway with related parties to find the necessary solutions and address the issues.

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