Credit Suisse Sees Saudi Arabia's MSCI Inclusion by June 2019 - Bloomberg

Credit Suisse Sees Saudi Arabia's MSCI Inclusion by June 2019 - Bloomberg:

"Saudi Arabia’s plan to ease restrictions on foreign stock investors will increase its chances of earning MSCI Inc.’s emerging-market status by June 2019, according to Credit Suisse Group.
The kingdom may account for about 5.5 percent of the gauge should Saudi Arabian Oil Co.’s initial public offering come before then, Fahd Iqbal, the Dubai-based head of Middle East research, said in an e-mailed report. Credit Suisse sees the MSCI review process starting next year.
Policy makers in the Middle East’s biggest equities market announced plans this month to reduce the amount foreigners must have under investment to $1 billion from $5 billion, allow covered short-selling and adjust its settlement structure by the first half of next year. The moves are part of the nation’s efforts to attract foreign investment and diversify its economy away from oil."



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