The second tranche of the fifth phase of Saudi Arabia's inclusion in FTSE Russell Emerging Market Index will start on June 22, 2020.
The fifth phase has been divided into 2 tranches; the first will be with an inclusion factor of 25%, while the second will be effective in June 2020 with an inclusion factor of 75%.
Accordingly, FTSE Russell said Saudi Aramco’s weight in its Emerging Market Index will increase from 0.51% to 0.63%.
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Stages of Including Tadawul into FTSE Emerging Market Index |
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Tranches |
1st tranche |
2nd tranche |
3rd tranche |
4th tranche |
5th tranche |
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Review date |
March 18, 2019 |
May 1, 2019 |
June 24, 2019 |
Sept. 23, 2019 |
March 23, 2020 |
June 2020 |
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Tranche size |
10 % |
15 % |
25 % |
25 % |
25 % |
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25% |
75% |
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Total |
10 % |
25 % |
50 % |
75 % |
81.25 % |
100% |
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Non-active investments* |
1.8 |
2.7 |
4.5 |
4.5 |
1.12 |
3.38 |
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*SAR bln
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