Premia Partners, Hong Kong’s leading provider of Exchange Traded Funds (ETF), has announced the listing of Asia’sfirst investment-grade government sukuk ETF on the HKEX, with Clifford Chance acting as the legal adviser.
The BOCHK Saudi Arabia Government Sukuk ETF began trading on 29 May 2025, with Premia Partners acting as the manager and BOCHK Asset Management as the investment adviser. Tracking Saudi Arabia’s Islamic government bonds, the ETF recorded a 1.8% growth by the close of its first day of listing.
A sukuk is an Islamic financial certificate that complies with Sharia law, serving as the equivalent of a bond in conventional Western finance. This ETF offers global investors access to Saudi government-issued sukuk through Hong Kong.
Rocky Mui, a partner at Clifford Chance, led the legal advisory team for the ETF’s establishment. Team members included Matthew Wan, Michael Chan, Phoebe Ho and Connie Fung. The process involved the preparation of offering documents and ensuring regulatory compliance with the Securities and Futures Commission and the HKEX.
Hong Kong has seen an expansion of Saudi-linked cross-border products over the years, CSOP Asset Management launched CSOP Saudi Arabia ETF, the Asia-Pacific region’s first ETF tracking Saudi equities, on the HKEX in November 2023.
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