MSCI announces Aramco’s inclusion on its index end of Dec. 17

The MSCI, a global provider of equity, fixed income, hedge fund stock market indexes, said it will include Saudi Aramco in its indexes by the close of trading on Dec. 17. The inclusion will come into effect the following day on Dec. 18.

Aramco’s inclusion will be completed in one phase and will be based on the stock’s closing price on the first day of trading in Tadawul, which reached SAR 35.20.

The giant oil producer’s weight on MSCI EM index and MSCI Saudi Arabia Index is estimated at 0.16% and 6.03%, respectively.

Tadawul completed the second and last phase of MSCI in August. The Saudi securities weight on the index stood at 2.8%.

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