MSCI applies periodic changes to Saudi market today

Logo of MSCI

MSCI Inc., the provider of research-based indexes and analytics, implements today, Feb. 29, its changes to the Saudi Exchange (Tadawul) based on its quarterly review of indices carried out on Feb. 12.

As per the requirements of global index managers, the changes will be implemented today during the closing auction and trade-at-last sessions.

ADES Holding Co. was added to the MSCI Global Standard Index while excluding Rabigh Refining and Petrochemical Co. (Petro Rabigh).

Meanwhile, National Industrialization Co. (Tasnee) was excluded from the MSCI Global Standard Index and added to MSCI Saudi Arabia Small Cap Index.

MSCI also added Lumi Rental Co., Saudi Reinsurance Co., and Saudi Steel Pipe Co. (SSP) to the MSCI Saudi Arabia Small Cap Index. Meanwhile, Riyadh Cables and Saudi Fisheries Co. were excluded.

Accordingly, the total number of constituents on the MSCI Saudi Arabia Small Cap Index stood at 79, while the number of the companies included in the MSCI Global Standard Index reached 40.

The following is the list of Saudi companies included in the MSCI Global Standard Index:

Saudi Firms on the MSCI Global Standard Index

Saudi Aramco

Al Rajhi Bank

SABIC

stc

Riyad Bank

Saudi Electricity

SRMG

Advanced

Alinma Bank

Almarai

Bank AlJazira

Bank Albilad

Banque Saudi Fransi

Bupa Arabia

Dar Al Arkan

Sipchem

Mobily

Jarir

SNB

SABIC Agri-Nutrients

Maaden

SABB

SIIG

Saudi Kayan

Savola Group

Yansab

ANB

Sulaiman Al Habib

Mouwasat

Elm

Tadawul Group

ACWA Power

SAIB

Dallah Healthcare

Nahdi

solutions

Luberef

MARAFIQ

AICC

ADES

MSCI Saudi Arabia Small Cap Index

Saudi Cement

Alkhorayef Water

Astra

Ataa

NCLE

Aldrees

Leejam

Al Akaria

eXtra

Seera

Al Rajhi Takaful

Zain KSA

Cenomi Retail

Al Hammadi

Arabian Cement

ARDCO

Sinad Holding

City Cement

Dur

Eastern Cement

Herfy

Najran Cement

NADEC

Care

Northern Cement

Saudi Ceramics

Saudi Chemical

SADAFCO

SPIMACO

SAPTCO

Southern Cement

Saudi German Health

GASCO

SACO

Yamama Cement

Yanbu Cement

Qassim Cement

Budget Saudi

Maharah

SGS

Jadwa REIT Saudi

Alujain

Halwani

Amlak International

SISCO

Al-Jouf Agricultural

MIS

SARCO

CATRION

Al Othaim

Chemanol

Al Arabia

SASCO

MEPCO

Theeb Rent a Car

Nayifat

Almunajem

Bawan

BinDawood Holding

Aldawaa

Riyad REIT Fund

Alamar

Retal

Tanmiah Food

Sumou

SHL

Alsaif Gallery

Emaar EC

Alandalus Property

East Pipes

Electrical Industries

Thob Al Aseel

Jahez

First Mills

Jamjoom Pharma

Al Rajhi REIT

Tasnee

Saudi market inclusion in emerging markets index

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