MSCI upgrades Bank Aljazira to Saudi index for ‘leading’ companies

14/11/2018 Argaam

Morgan Stanley Capital Index (MSCI) has moved Bank Aljazira from MSCI Saudi Arabia Small Cap Index to MSCI Saudi Arabia Index for “leading” companies, the global index compiler said in its periodical review.

MSCI has also downgraded Al Tayyar Travel Group and Southern Province Cement Co. from MSCI Saudi Arabia Index for “leading” companies to MSCI Saudi Arabia Small Cap Index.

Arab National Bank (ANB), however was excluded from Saudi Index for “leading” companies.

Meanwhile, the index compiler has added Fawaz Abdulaziz Alhokair Co. (Alhokair) to Small Cap Index while Abdulmohsen Alhokair Group for Tourism & Development Co. (Al Hokair Group), Zamil Industrial Investment Co. and Al Yamamah Steel Industries Co. were removed from the index.

In 2015, MSCI launched the MSCI Saudi Arabia Domestic Index to measure the performance of the large and small-cap segments of the Saudi market, currently covering 30 leading constituents and 39 small capital constituents.

The index compiler will announce its annual market classification review list in June. The Kingdom was added to MSCI's watch list for a potential upgrade in 2018. 

MSCI Saudi Arabia Index – Leading Companies Index

Dar Al-Arkan

Advanced

Aljazira

Albilad

Bupa Arabia

Tawuniya

Emaar EC

Jarir

Catering

SABB

Saudi Cement

SIIG

Kayan

Al Rajhi

Alinma

Almarai

BSF

Mobily

NCB

Tasnee

Petro Rabigh

Riyad

SAMBA

SAFCO

Maaden

SABIC

SEC

STC

SAVOLA

YANSAB

MSCI Saudi Arabia - Small Cap Index

Al Othaim

SRECO

eXtra

Alujain

Al Tayyar

Al Rajhi Takaful

SRMG

Petrochem

Sahara

Zain

Alhokair Group

Al Hammadi

Mouwasat

Arabian Cement

ARDCO

Aseer

City Cement

Dallah

Dur

Ash-Sharqiyah

Herfy

Najran Cement

NADEC

Care

Northern Cement

Saudi Ceramic

Saudi Chemical

SADAFCO

SPIMACO

SAPTCO

Southern Cement

Halwani

MEAHCO

GASCO

SACO

Yamama Cement

Yanbu Cement

Qassim Cement

Budget Saudi


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