MSCI to list standalone Saudi stock indexes

MSCI, a global provider of indexes, has unveiled a list of companies that will be included in two Saudi standalone stock indexes set to launch on June 1— just two weeks before the company opens its doors to qualified foreign investors.

The MSCI Saudi Arabia Index will have 19 constituents, including Saudi Basic Industries Corp (SABIC), the Middle East’s largest steel and petrochemicals producer. The the MSCI Saudi Arabia Small Cap Index will have 39 constituents.

MSCI announced earlier this week its intention to launch standalone indices for stocks in the kingdom, as well as other GCC markets such as the UAE, Bahrain, Qatar, Oman, and Kuwait.

Around $9 trillion in assets is estimated to be benchmarked across MSCI’s various indices.

MSCI Saudi Arabia Index

• Al Rajhi Banking

• Al Tayyar Travel Group

• Alinma Bank

• Almarai Co

• Arab National Bank

• Banque Saudi Fransi

• Etihad Etisalat Co

• Fawaz Abdulaziz Alhokair

• National Commercial Bank

• Rabigh Refining & Petrochemicals

• Riyad Bank

• Samba Financial Group

• Saudi Arab Fertilizer

• Saudi Arabian Mining Co.

• Saudi Basic Industries Corp

• Saudi Electricity Co

• Saudi Telecom Co

• Savola

• Yanbu National Petrochemical

MSCI Saudi Arabia Small Cap Index

• Abdul Mohsen Al-Hokair

• Abdullah Al Othaim Mkt

• Advanced Petrochemicals

• Al Abdullatif Indl Inv

• Al Hammadi Development

• Al Jouf Cement

• Al Mouwasat Medical Svcs

• Al-Hassan G.i. Shaker Co

• Arabian Cement (Sa)

• Arriyadh Construction

• Aseer

• Astra Industrial Group

• Bawan

• Bupa Arabia for Cooperative Insurance

• City Cement

• Co For Cooperative Ins

• Dallah Healthcare Hldg

• Dur Hospitality

• Eastern Province Cement

• Hail Cement

• Herfy Food Services

• Mediterranean & Gulf Insurance

• Najran Cement

• National Agricultural Development 

• National Medical Care

• Northern Region Cement

• Red Sea Housing Svcs Co

• Saudi Ceramic

• Saudi Chemical Co

• Saudi Dairy & Foodstuff

• Saudi Marketing

• Saudi Pharmaceutical Ind

• Saudi Public Transport

• Saudi Real Estate Co

• Tabuk Cement Co

• The Qassim Cement Co

• United Electronics

• United Intl Transport

• Zamil Industrial Inv