Without going into particular detail, the Hong Kong-based group, which has been visiting Saudi Arabia, talked about how it intends to work with others in the Middle East and use its own status in Asia as a "super connector."

Hang Seng Bank, along with its wholly owned subsidiaries, Hang Seng Investment Management and Hang Seng Indexes, is to roll out “new collaborations” in the Middle East, such as new investment offerings.

The Hong Kong-based bank recently visited Saudi Arabia as part of a delegation, accompanied by Paul Chan Mo-Po, the financial secretary of Hong Kong’s government, to promote “stronger ties between Hong Kong and the Middle East,” the bank said in a statement. “This highlights the bank’s important role in facilitating cross-border collaboration and capital flows between these key markets.”

“We look forward to unveiling new collaborations in the Middle Eastern market for both Hang Seng Investment and Hang Seng Indexes Company. Hong Kong’s unique position as a ‘super connector’ makes it an ideal hub for businesses looking to grow in the region, as well as global investors seeking to tap into Asia’s growth opportunities,” Diana Cesar, executive director and CEO of Hang Seng Bank said. 

Specifying details, the bank said that Hang Seng Investment, the bank’s asset management arm, has partnered with SAB Invest which will launch a new feeder fund in Saudi Arabia that fully invests into the Tracker Fund of Hong Kong.