HSBC Completes Saudi Arabia's First Securities Lending Transaction

HSBC Completes Saudi Arabia's First Securities Lending Transaction
TT
20

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.



Saudi Arabia Issues New Industrial Licenses for Aircraft Maintenance and Repair

The announcement was made during the first edition of the Aerospace Connect Forum in Jeddah. (SPA)
The announcement was made during the first edition of the Aerospace Connect Forum in Jeddah. (SPA)
TT
20

Saudi Arabia Issues New Industrial Licenses for Aircraft Maintenance and Repair

The announcement was made during the first edition of the Aerospace Connect Forum in Jeddah. (SPA)
The announcement was made during the first edition of the Aerospace Connect Forum in Jeddah. (SPA)

The Saudi Ministry of Industry and Mineral Resources announced the issuance of new industrial licenses for aircraft maintenance, repair, and overhaul (MRO) services in the Kingdom.

The announcement was made during the first edition of the Aerospace Connect Forum, held in Jeddah under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef and organized by the National Industrial Development Center (NIDC).

The newly introduced industrial licenses, launched in collaboration with the General Authority of Civil Aviation and the General Authority for Military Industries, cover various activities, including aircraft and drone maintenance and repair, navigational and electronic systems servicing, and comprehensive aircraft overhaul operations, said the ministry.

The new licenses will allow investors to benefit from the advantages of industrial licensing, access government incentives and capabilities, and contribute to the development and localization of the Kingdom’s aviation industry—a key sector targeted in the National Industrial Strategy.