MSCI raises Aramco’s foreign, domestic inclusion factor in Nov. review

Logo of Saudi Aramco

MSCI announced an increase in the Foreign Inclusion Factor (FIF) and Domestic Inclusion Factor (DIF) for Saudi Aramco from 0.018 to 0.024 as of the close of Nov. 25, 2024 (effective on Nov. 26, 2024), in line with the index review in November 2024.

Within the framework of November review, MSCI assessed the remaining holdings of Aramco’s local institutional investors based on the latest available disclosures.

In the calculation of Aramco’s FIF and DIF, MSCI considered the holdings of local institutional investors as free float, which increases FIF and DIF.

According to data available on Argaam, the Saudi government and Saudi Aramco announced in June the closing of the secondary public offering.

The government sold 1.545 billion shares of the oil giant, representing nearly 0.64% of Aramco’s issued shares.

Saudi Aramco detailed the company’s post-allocation shareholding, as follows: