<div id="readability-page-1" class="page"><div><ul><li>The newly launched exchange-traded fund (ETF) provides investors in European markets with access to the fast-growing investment opportunities within the Saudi market</li><li>PIF’s investment reflects its continued focus on further strengthening Saudi capital market through innovative products and partnerships with leading asset managers</li><li>The fund is the second PIF-anchored ETF investment with State Street Investment Management, and the fifth for PIF with leading global asset managers across nine markets</li><li>Through the fund, State Street Investment Management adds an active Saudi‑equity exposure to its suite of innovative, industry‑leading products</li></ul>Riyadh, London – PIF and State Street Investment Management (State Street IM), one of the world’s largest asset managers, today announced the launch of the State Street Saudi Arabia Enhanced Active Equity UCITS ETF (Ticker: SAQL) with PIF as anchor investor. The fund actively invests in equities of companies in Saudi Arabia using a quantitative multi-factor stock selection model.SAQL has its primary listing on the Xetra exchange in Germany and is cross listed on the LSE in the United Kingdom, where a bell ringing ceremony was held. The fund will be available to investors in both markets as well as investors across other key markets in Europe.The investment marks another step in PIF’s strategy to further deepen and diversify the Saudi capital market by attracting international capital flows, empowering financial institutions, broadening financing options for the private sector and introducing new products.The newly launched fund is the second State Street IM ETF in which PIF has made an anchor investment, and the fifth ETF investment for PIF across nine global markets with leading international asset managers. New and innovative Saudi-focused products were listed in Hong Kong, London, Shanghai, Shenzhen, Tokyo, Frankfurt, Italy and Singapore.Yazeed Al-Humied, Deputy Governor and Head of MENA Investments at PIF, said: “PIF is further strengthening Saudi Arabia’s capital market ecosystem, working with our partners to open gateways for international investors, enable access and drive global capital inflow into the country. Our continued partnership with State Street IM reinforces a shared commitment to enhance and diversify the product range, to present new opportunities for international investors into the Saudi market and unlock capital pools. The launch of this ETF further deepens the Saudi market and builds on a series of PIF-anchored ETF listings across international markets, cementing PIF’s role in driving increased product diversification to enhance liquidity and fulfill market needs.”PIF’s strategic partnerships with top global asset managers have contributed to attracting key foreign investments to the Saudi market, with several leading firms establishing or expanding presence locally.Yie-Hsin Hung, Chief Executive Officer of State Street Investment Management, said: “We’re thrilled to continue our partnership with PIF by bringing another innovative Saudi-focused ETF product to market for our European clients. Saudi Arabia’s success story in recent years speaks for itself – with the combination of a rapidly expanding domestic market and a supportive regulatory landscape creating a truly compelling prospect for investors around the world. At State Street, as with PIF, innovation is in our DNA and we’re pleased to offer a new product in this same vein, drawing on our decades of experience and commitment to quality to underpin an exciting new offering, anchored by PIF.”With the launch of SAQL, State Street IM adds a Saudi‑equity product range to its suite of innovative, industry‑leading products, giving investors exposure to one of the most consequential economic transformations among G20 economies. The listing of SAQL follows the launch of the SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF (KSAB) in January 2025, as well as the fund’s cross-listing on the Singapore Stock Exchange in September 2025.Quantitative funds, such as SAQL, use mathematical modeling, algorithmic, and data-driven methods to manage portfolios. The Saudi capital market has evolved beyond legacy sectors, with maturation of market structure and data quality – enabling SAQL to use a systematic active approach when investing in Saudi equity securities. SAQL provides an opportunity for international investors to obtain investment exposure to this rapidly evolving economy.The fund is registered for sale in Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and the UK.PIF Media RelationsEmail: media@pif.gov.saEmma Mikus: emikus@pif.gov.saRupert Trefgarne: rtrefgarne@pif.gov.sawww.pif.gov.saJoseph CockerlineEMEA Head of Press – State Street Investment ManagementEmail: jcockerline@statestreet.comwww.statestreet.com/investment-managementAbout State Street Investment ManagementAt State Street Investment Management, we have been helping create better outcomes for institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over $5 trillion in assets managed*, clients in over 60 countries, and a global network of strategic partners, we use our scale to deliver a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go. State Street Investment Management is the asset management arm of State Street Corporation .*This figure is presented as of December 31, 2025 and includes ETF AUM of $1,950.80 billion USD of which approximately $173.02 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.State Street Global Advisors (SSGA) is now State Street Investment Management.Please go to statestreet.com/investment-management for more information.***********Important Disclosures:Marketing CommunicationFor press use only.Investing involves risk including the risk of loss of principal.The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without State Street Investment Management’s express written consent.The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2014/65/EU) and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor's or potential investor’s particular investment objectives, strategies, tax status, risk appetite or investment horizon. 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There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.Investments in emerging or developing markets may be more volatile and less liquid than investing in developed markets and may involve exposure to economic structures that are generally less diverse and mature and to political systems which have less stability than those of more developed countries.Investments in developing markets may be more volatile and less liquid than investing in developed markets and may involve exposure to economic structures that are generally less diverse and mature and to political systems which have less stability than those of more developed countries.ETFs trade like stocks, are subject to investment risk and will fluctuate in market value. The investment return and principal value of an investment will fluctuate in value, so that when shares are sold or redeemed, they may be worth more or less than when they were purchased. Although shares may be bought or sold on an exchange through any brokerage account, shares are not individually redeemable from the fund. Investors may acquire shares and tender them for redemption through the fund in large aggregations known as “creation units.” Please see the fund’s prospectus for more details.Please refer to the Fund’s latest Key Information Document (KID)/Key Investor Information Document (KIID) and Prospectus before making any final investment decision. The latest English version of the prospectus and the KID/KIID can be found at www.ssga.com. 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FLSA

PIF has partnered with State Street Investment Management to launch the State Street Saudi Arabia Enhanced Active Equity UCITS ETF (Ticker: SAQL), providing European investors access to Saudi equities. This ETF, which employs a quantitative multi-factor stock selection model, is listed on the Xetra exchange in Germany and cross-listed on the LSE. This marks PIF's second ETF investment with State Street and fifth overall with global asset managers, aimed at diversifying the Saudi capital market and attracting international investments. PIF's strategy focuses on enhancing market liquidity and product offerings for global investors.

ZAWYA: PIF anchors State Street’s newly launched Saudi equity ETF