CAPEX.com adds ETFs on local stocks in UAE and Saudi Arabia (KSA)

December 06, 2023 - Online trading provider CAPEX.com has broadened its asset class offering by introducing a new suite of Exchange-Traded Funds (ETFs) customised for the United Arab Emirates (UAE) and Kingdom of Saudi Arabia (KSA) markets.

The newly introduced ETFs are designed to offer investors in the UAE and KSA a convenient and efficient way to access a wide range of local stocks, promoting a well-balanced and diversified investment approach.

The company says that CAPEX.com's ETF selection is thoughtfully curated to align with the distinct economic environments and investment preferences of these dynamic regions. The offering includes the iShares MSCI UAE ETF, tracking an index composed of UAE stocks like Emirates Telecom, Emaar Properties, and Dubai Financial Market. In Saudi Arabia, it is the iShares MSCI Saudi Arabia ETF, which follows a broad-based index of Saudi Arabian stocks such as The Saudi National Bank, Saudi Telecom, and Saudi Arabian Oil.

Madalina Rotaru, Senior Executive Officer at Key Way Markets LTD, the operating company of CAPEX.com in the UAE, expressed her enthusiasm about the launch, stating, "We are thrilled to introduce these new ETF’s, which we have added to our trading platform specifically for our investors in the UAE and KSA. This launch aligns with Capex.com’s mission to democratize access to global financial markets and provide our clients with innovative investment solutions that cater to their unique needs."

She added, "Diversification is a cornerstone of successful investing, and we recognize the importance of offering our clients a broad spectrum of investment options. These new ETFs are carefully crafted to capture the essence of the economic developments in the UAE and KSA, providing investors with exposure to sectors poised for growth. We believe that by taking a localized approach, we can better serve the unique investment objectives of our clients in these regions."

Investors can capitalise on a diverse range of assets spanning various industries and sectors, enhancing their ability to construct resilient and well-rounded investment portfolios.

CAPEX.com says that its introduction of UAE and KSA stock ETFs reaffirms CAPEX.com's position as a leader in providing cutting-edge investment tools to a global clientele. 

In June 2022, CAPEX MENA reported a 58% increase in trading volumes. The broker has its UAE office in Abu Dhabi and is licensed by Abu Dhabi Global Market Financial Services Regulatory Authority.