MSCI adds 2 Saudi firms to its indices, drops 7, downgrades 1

07:53 AM (Mecca time) Argaam
Logo ofMSCI

Logo of MSCI


Index provider MSCI downgraded Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) from MSCI Global Standard Index to MSCI Small Cap Index, during its periodic review. 

 

On the other hand, Saudi Aramco Base Oil Co. (Luberef),  Nahdi Medical Co., Alandalus Property Co., The Mediterranean and Gulf Insurance and Reinsurance Co. (MEDGULF), Walaa Cooperative Insurance Co., Advanced Petrochemical Co., and Saudi Public Transport Co. (SAPTCO) were removed from the index.

 

Airline flynas Co. and Specialized Medical Co. (SMC) to were added to MSCI Small Cap Index.

 

The number of companies listed on the MSCI Global Standard and MSCI Small Cap indices reached 90 and 37, respectively.

 

MSCI will implement the changes by the close of trading on Nov. 24.

 

Companies included MSCI Global Standard Index

Saudi Aramco

Al Rajhi Bank

SABIC

stc

Riyad Bank

Saudi Electricity

SRMG

Alinma Bank

Almarai

Bank AlJazira

Bank Albilad

BSF

Bupa Arabia

Dar Al Arkan

Sipchem

Mobily

Jarir

SNB

SABIC AN

Maaden

SAB

Savola

Yansab

ANB

Sulaiman Al Habib

Mouwasat

Elm

Tadawul Group

ACWA Power

SAIB

Dallah

solutions

Tawuniya

ADES

SAL

Jabal Omar

Makkah Construction

 

Below is the list of MSCI Saudi Arabia Small Cap Index companies:

 

MSCI Saudi Arabia Small Cap Index

Saudi Cement

Alkhorayef

Astra

Ataa Educational

NCLE

Aldrees

Leejam

Al Akaria

eXtra

Seera

Al Hammadi

Arabian Cement

Riyadh Development

City Cement

Dur Hospitality

Eastern Cement

NADEC

Care

Saudi Ceramics

Saudi Chemical

SADAFCO

SPIMACO

Southern Cement

Saudi German Health

GASCO

Yamama Cement

Yanbu Cement

Qassim Cement

Budget Saudi

Maharah

SGS

Jadwa REIT Saudi

Alujain

SISCO

MIS

CATRION

Al Othaim

Al Arabia

SASCO

MEPCO

Theeb

Almunajem

AMAK

Bawan

BinDawood Holding

Aldawaa

Retal

Sumou

2P

AlSaif Gallery

Emaar EC

East Pipes

Electrical Industries

Jahez

First Mills

Jamjoom Pharma

Al Rajhi REIT

Tasnee

Lumi

Saudi Re

Saudi Steel Pipe

Al-Babtain

Etihad GO

Avalon Pharma

SAIC

Saudi Paper

Cenomi Centers

Modern Mills

Miahona

Rasan

Riyadh Cement

SMASCO

Zain KSA

Almajed Oud

Almoosa Health

Nice One

Tasheel

Arabian Drilling

KEC

Saudi Kayan

SIIG

Derayah Financial

Fakeeh Care

Cenomi Retail

MARAFIQ

Taiba

Senaat

Al Rajhi Takaful

flynas

SMC

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