Hong Kong’s stock market operator on Wednesday said it will open an office in Riyadh next year, boosting its global coverage.

The Hong Kong Exchanges and Clearing (HKEX) said the new office in the Saudi Arabian capital would help investors in the Middle East better access financial products and capital markets in the SAR.

Its CEO Bonnie Chan pointed out that the Riyadh branch will join HKEX’s other offices in Beijing, Shanghai, London, New York, and Singapore.

“The new Riyadh office will enable us to foster greater global coverage and facilitate access for Middle East clients to Asia’s most international, diverse and liquid capital markets in Hong Kong."

The announcement came as the trading of Saudi Arabia’s first exchange-traded fund that tracks Hong Kong-listed shares kicked off.