This first-ever MENA wide Environment, Social and Governance (ESG) Index which was developed by Hawkamah in cooperation with Standard & Poor’s with the support of the International Finance Corporation (IFC) underwent its first rebalancing in December 2011.
The rebalancing reveals that financial stocks continue to dominate the index making up 45.67%. However, this is indicative of the region’s equity market, as financials, likewise, represent nearly half of the benchmark S&P Pan Arab Composite. Saudi Arabia (28.49%), Qatar (22.87%) and UAE (22.77%) were the top three largest countries in the index.
This first-ever MENA wide Environment, Social and Governance (ESG) Index which was developed by Hawkamah in cooperation with Standard & Poor’s with the support of the International Finance Corporation (IFC).
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