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Business, Energy, Climate Change

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

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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