Saudi ETF to list in Japan under expected deal between leaders

Prince Mohammed visits Japan to boost cooperation in financial sector

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Japanese Prime Minister Fumio Kishida and Saudi Crown Prince Mohammed bin Salman. (Photos by Nikkei)

HIROYUKI AKIYAMA and SHIKO UEDA, Nikkei staff writers

TOKYO -- Japan and Saudi Arabia are expected to reach an agreement in which an exchange-traded fund (ETF) tracking Saudi stocks will be listed in Tokyo, the first of its kind, Nikkei has learned.

The deal is set to come during a visit to Japan beginning Monday by Saudi Arabia's Crown Prince Mohammed bin Salman, who will meet Japanese Prime Minister Fumio Kishida on Tuesday.

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