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HSBC Completes Saudi Arabia's First Securities Lending Transaction

HSBC Completes Saudi Arabia's First Securities Lending Transaction
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HSBC Completes Saudi Arabia's First Securities Lending Transaction

HSBC Completes Saudi Arabia's First Securities Lending Transaction

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.

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UK, Switzerland Sign Agreement Aimed at Direct Rail Link 

A general view of a guest wearing a Union flag ahead of a concert to mark the 80th Anniversary of VE Day at Horse Guards Parade on May 08, 2025 in London, England. (Reuters)
A general view of a guest wearing a Union flag ahead of a concert to mark the 80th Anniversary of VE Day at Horse Guards Parade on May 08, 2025 in London, England. (Reuters)
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UK, Switzerland Sign Agreement Aimed at Direct Rail Link 

A general view of a guest wearing a Union flag ahead of a concert to mark the 80th Anniversary of VE Day at Horse Guards Parade on May 08, 2025 in London, England. (Reuters)
A general view of a guest wearing a Union flag ahead of a concert to mark the 80th Anniversary of VE Day at Horse Guards Parade on May 08, 2025 in London, England. (Reuters)

Britain and Switzerland signed an agreement aimed at establishing a direct rail link between London and Switzerland, a government statement said on Friday.

The pair will set up a working group which will work out how to overcome the commercial, technical and security impediments to running services from Britain, through the Channel Tunnel, crossing France, and onto Switzerland.

Passengers from London can travel to Europe on direct services to Paris, Brussels and Amsterdam currently.