UBL Pakistan Enterprise ETF
Price
Rs39.88
YTD
+18.50%
Expense
1.50%
Yield
2.43%
FLSA
FLSA NYSE
Franklin FTSE Saudi Arabia ETF · by Franklin Templeton
Price
SR33.91
YTD return
+5.80%
1Y return
8.50%
Expense ratio
0.39%
Dividend yield
2.20%
AUM
$800M
FLSA provides exposure to Saudi Arabian equities at a competitive 0.39% expense ratio. Saudi Arabia is the world's largest oil exporter and is executing an ambitious Vision 2030 economic diversification plan.
FLSA: Saudi Arabia's Vision 2030
Franklin FTSE Saudi Arabia ETF provides access to the Middle East's largest equity market during a period of unprecedented economic transformation. Saudi Arabia's Vision 2030 initiative aims to diversify the economy beyond oil dependence through massive investment in entertainment, tourism, technology, and green energy.
Vision 2030 Transformation
Crown Prince Mohammed bin Salman's Vision 2030 is driving a complete transformation of Saudi society and economy. NEOM (a $500B futuristic city), entertainment mega-projects, tourism infrastructure, and sports investments are creating new industries and employment opportunities.
Aramco and Beyond
While Saudi Aramco (the world's most profitable company) dominates the market, the Saudi exchange also features growing financial, retail, and technology companies that benefit from domestic consumption growth and government spending.
MSCI Inclusion
Saudi Arabia's inclusion in the MSCI Emerging Markets Index in 2019 attracted significant international capital flows and improved market liquidity. The Tadawul exchange continues to modernize with new listings and regulatory improvements.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | Saudi Aramco | 2222 | — | 12.50% | 26.10 -0.68% |
| 2 | Al Rajhi Bank | 1120 | Financial | 10.80% | 68.30 -0.94% |
| 3 | Al Rajhi Bank | 1180 | — | 8.50% | — |
| 4 | SABIC | 2010 | — | 6.20% | — |
| 5 | STC | 7010 | — | 5.50% | — |
Frequently asked questions
How does Vision 2030 affect Saudi stocks?
Vision 2030 drives government spending on infrastructure, entertainment, tourism, and technology, benefiting construction, banking, retail, and services companies listed on the Saudi exchange.
Is Saudi Arabia too dependent on oil?
Oil revenues still dominate government income, but the equity market is increasingly diversified with banks, telecoms, retail, and petrochemical companies growing in importance.
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Community
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