Tadawul set to attract SAR 22 bln after inclusion in FTSE, S&P indices

The Saudi Stock Exchange’s (Tadawul) inclusion in FTSE Russell and S&P DJI indices which will take place this month is expected to attract SAR 21.7 billion in inflows, NCB Capital said.

Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank, National Commercial Bank, Samba, Saudi Telecom, and Riyad Bank are expected to get more than half of the projected inflows, the report said.

According to data compiled by Argaam, Tadawul said on Tuesday that the inclusion of the first tranche of FTSE Russell and S&P DJI indices will take place on March 18 based on the closing prices as of March 14.