Saudi Arabia set to win MSCI emerging market status in June, says EFG Hermes - The National

Saudi Arabia set to win MSCI emerging market status in June, says EFG Hermes - The National:

"Saudi Arabia has a 100 per cent probability of being included in the MSCI’s emerging market index next month, after the kingdom was put on a watchlist for inclusion last year, according to investment bank EFG Hermes. “We see no reason why MSCI would not upgrade Saudi Arabia to emerging markets status this June,” the analysis on Sunday said. Index compiler MSCI is expected to announce a decision on whether to upgrade Saudi stocks to EM (emerging market) status next month, a move that would help the country attract billions of dollars into the Middle East and North Africa (Mena)’s biggest stock exchange, which has a market capitalisation of $500 billion."



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