Saudi Arabia’s inclusion on MSCI kicks off today

29/05/2019 Argaam

 

The first phase of Saudi Arabia’s inclusion on MSCI Emerging Markets Index officially kicks off today, following the listing of 30 Saudi securities as of the close on May 28.

 

The 30 Saudi companies represent an aggregate weight of 1.42 percent. Tuesday was the first tranche inclusion and the second is expected in August. Both will result in attracting around SAR 37.5 billion in passive inflows.

 

Read more: These are the 30 Saudi stocks joining MSCI today

 

On May 28, the Saudi Stock Exchange (Tadawul) extended the closing auction session to 20 minutes, instead of the usual 10 minutes.

 

Timeline: Saudi inclusion on MSCI

Month

First phase

Second phase

Date

29 May 2019

29 August 2019

Value

50%

50%

Total Value

50%

100%

Passive inflows

18.75

18.75

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