September 5, 2023 Saudi Arabia and China's stock exchanges announced a cooperation agreement on Monday as Beijing seeks greater influence in the Gulf. The Saudi Tadawul Group, which owns the Saudi stock exchange Tadawul, and the Shanghai Stock Exchange signed a memorandum of understanding to “promote mutual development and cooperation.” They will explore ways to work together on cross-listing stocks, fintech, exchange-traded funds (ETFs) and data exchanges, among other things, the Shanghai Stock Exchange said in a statement. “This partnership will help facilitate greater connectivity between Saudi Arabia and China and encourage companies in both countries to consider cross-listing,” said…