US-based MSCI has added Dar Al-Arkan Real Estate Development Co. to its Saudi Arabia Large Company Index, the index provider revealed.
It also added Abdullah Al Othaim Markets Co., Saudi Real Estate Co. (Al Akaria) and United Electronics Co. (eXtra) to Saudi Arabia Small Cap Index.
In 2015, MSCI launched two Saudi standalone indexes for stocks in the kingdom. After adding Dar Al Arkan, the first index includes 33 large companies, while the other includes 42 small capital firms.
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