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HSBC offering Saudi’s first climate-focused investment fund

By TRENDS Desk
August 31, 2021 2:33 pm
  • The fund will provide customers participation and direct access to investments that help reduce the impact of climate change.
  • SABB’s Corporate & Private Banking clients among suitable clients in the kingdom.

DUBAI: HSBC Saudi Arabia has said it is offering the first environmental initiative investment fund in the kingdom, which will provide eligible investors exposure to renewable energy, clean transport, sustainable water management and climate change adaptation.

The company said the HSBC Global Equity Climate Change Fund will provide interested customers participation and direct access to investments that help reduce the impact of climate change.

Muneera Aldossary, Chief Investment Officer at HSBC Saudi Arabia said the fund brings investors an opportunity to help create a sustainable future in line with the Saudi Vision 2030.

The product will be offered to suitable clients in the Kingdom, including SABB’s Corporate & Private Banking clients. SABB owns 49 percent of HSBC Saudi Arabia.

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