The second and final phase of inclusion of MSCI Saudi Arabia Index will be implemented based on closing prices of Aug. 27, 2019, the global index compiler said in its August 2019 Quarterly Index Review.
The inclusion will increase the weight of Saudi Arabian securities from 1.45 percent to 2.83 percent in the MSCI Emerging Markets Index.
On May 14, MSCI said it will add 30 Saudi securities — representing an aggregate weight of 1.42 percent — in the MSCI EM index as of the close on May 28.
Here’s a list of 30 Saudi companies listed in MSCI Tadawul 30 Index that are likely to be included in the Morgan Stanley Emerging Markets Index:
- Bupa Arabia for Cooperative Insurance Co.
- The Company for Cooperative Insurance (Tawuniya)
- Dar Al-Arkan Real Estate Development
- Etihad Etisalat Co. (Mobily)
- National Commercial Bank (NCB)
- Tasnee
- Rabigh Refining and Petrochemical Co. (Petro Rabigh)
- Saudi Arabian Fertilizers Co. (SAFCO)
- Saudi Arabian Mining Company (Maaden)
- SABIC
- Saudi British Bank (SABB)
- Saudi Electricity Co. (SEC)
- Saudi Industrial Investment Group (SIIG)
- Saudi Telecom Co. (STC)
- Yanbu National Petrochemical Co. (Yansab)
Meanwhile, 30 large caps, which were included in the emerging markets index, as well as the small caps saw no changes by the world’s largest index provider.
In 2015, MSCI launched two Saudi standalone indexes for stocks in the Kingdom. The first index includes 30 large companies, while the other includes 41 small capital firms.
Here’s a list of small capital firms that are included in the Morgan Stanley Emerging Markets Index
- Aldrees
- Saudi Real Estate Co. (Al Akaria)
- eXtra
- Alujain
- SRMG
- Sahara
- Mouwasat
- ARDCO
- Aseer
- Dallah
- Herfy
- NADEC
- Care
- SADAFCO
- SPIMACO
- SAPTCO
- GASCO
- SACO
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