Saudi Arabia heads towards emerging market status | The National

Saudi Arabia heads towards emerging market status | The National:



"Saudi Arabia is on a fast track route to emerging market status amid rising appetite for blue chips in the kingdom from foreign investors.



MSCI, whose indexes are tracked by investors managing US$9 trillion worth of assets, last month said it would review the inclusion of Saudi Arabia as a candidate to either of its emerging or frontier market indexes only after the reforms are officially approved.



“We rule out the likelihood of Tadawul’s addition to MSCI Frontier Markets,” said analysts at the equity research team at Bahrain’s Mubasher Financial Services in a strategy note to clients. “Rather, an inclusion in MSCI Emerging Markets is more likely given its relatively large market size and abundant liquidity.”"



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