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Thursday, 17 May 2018

S&P Dow Jones may lift Saudi Arabia to emerging market status | Reuters

S&P Dow Jones may lift Saudi Arabia to emerging market status | Reuters:

"Equity index compiler S&P Dow Jones said it was consulting investors on whether to upgrade Saudi Arabia to emerging market status, a new sign of growing interest in the kingdom among global fund managers.

An upgrade by S&P Dow Jones could draw more foreign money to the Saudi stock market, although considerably less than the amounts linked to similar upgrades by MSCI and FTSE Russell, fund managers believe.

S&P Dow Jones has been considering a Saudi upgrade for several years but decided against one last year because of limited market access for foreign investors. The kingdom is currently ranked as a “stand-alone country”."



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