MSCI Assessing Saudi Arabia’s Market Opening to Foreign Investors - WSJ

MSCI Assessing Saudi Arabia’s Market Opening to Foreign Investors - WSJ:



"Saudi Arabia’s plan to give foreigners direct access to its $580 billion stock market will help expand opportunities for global institutional investors but MSCI Inc. will only consider adding it to its emerging markets basket after gauging the effectiveness of the opening, the index compiler said.



In a much awaited move, the Middle East’s biggest economy—and one of the last major markets globally to restrict foreign investments—will allow international investors from June 15 to invest directly in some of the fastest-growing companies in the region.



MSCI welcomed the opening of the Saudi market. It will, however, consider a proposal to include Saudi Arabia in the emerging markets index only after assessing the “accessibility” and based on “feedback from international investors,” the indexer said in its annual market classification review late Tuesday."



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