MSCI to launch Saudi, GCC standalone indexes in June

10/05/2015 Argaam

MSCI will launch standalone equity indexes for Saudi Arabia and other GCC markets starting June 1, the global index provider said in statement.

 

The MSCI Saudi Arabia Indexes will be transitioned from the existing provisional indexes with constituents and weighings to be announced as part of MSCI's semi-annual review on May 12.

 

The decision followed finalized rules published by the kingdom’s financial regulator relating to Tadawul’s opening to qualified foreign institutional investors set for June 15.

 

MSCI added that capped indexes for other GCC markets will include Qatar, the United Arab Emirates, Kuwait, Oman, and Bahrain.

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