With 32 stocks, Saudi Arabia will now become the third largest MSCI country from the EMEA region, behind only South Africa and Russia.
MSCI’s move is the latest in a string of announcements that promise to facilitate inflows of foreign money into the Saudi economy.
The decision comes at an important time for the kingdom as it continues to take steps to modernise its economy and make things easier for potential investors – a stark contrast from the initially restrictive environment they faced after the country opened its capital markets to foreign direct investment in mid-2015.
In this edition of Inside AB, Shayan Shakeel and Bernd Debusmann look at the far-reaching consequences of the MSCI’s decision and ask what it means for the development of Saudi Arabia’s economy.
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(Source: Arabianbusiness.com YouTube channel)