MSCI adds 8 Saudi firms, excludes 6 in periodic review

15/05/2024 Argaam
Logo ofMSCI

Logo of MSCI 


MSCI Inc, the provider of research-based indexes and analytics, announced the results of its periodic review, adding SAL Saudi Logistics Services Co. to the MSCI Global Standard Index.

 

Meanwhile, the index added seven firms to MSCI Saudi Arabia Small Cap Index, namely, Al-Babtain Power and Telecommunication Co., Etihad Atheeb Telecommunication Co., Mediterranean and Gulf Insurance and Reinsurance Co.  (MEDGULF), Middle East Pharmaceutical Industries Co. (Avalon Pharma), Saudi Advanced Industries Co.  (SAIC), Saudi Paper Manufacturing Co. and Walaa Cooperative Insurance Co.

 

In addition, MSCI excluded six companies from MSCI Saudi Arabia Small Cap Index, which are Amlak International Finance Co., Fawaz Abdulaziz Alhokair Co.  (Cenomi Retail), Methanol Chemicals Co. (Chemanol), Riyad REIT Fund, Saudi Company for Hardware (SACO) and Saudi Arabia Refineries Co. (SARCO).

  

Accordingly, the total number of constituents on the MSCI Saudi Arabia Small Cap Index stood at 80, while the number of the companies included in the MSCI Global Standard Index reached 41.

 

MSCI will implement the changes by the close of trading on May 31, 2024.

 

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 AN

Maaden

SABB

SIIG

Saudi Kayan

Savola 

Yansab

ANB

Sulaiman Al Habib

Mouwasat

Elm

 Tadawul Group

ACWA Power

SAIB

Dallah Healthcare

Nahdi

solutions

Luberef

MARAFIQ

Tawuniya

ADES

SAL

 
Below is a list of MSCI Saudi Arabia Small Cap Index companies:
 

MSCI Saudi Arabia Small Cap Index 

  

Saudi Cement 

Alkhorayef Water

Astra 

Ataa 

NCLE 

Aldrees 

Leejam  

Al Akaria 

eXtra 

Seera 

Al Rajhi Takaful 

Zain KSA 

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 

SISCO 

Al-Jouf Agricultural 

MIS 

Saudi Catering 

Al Othaim 

AICC 

SASCO 

MEPCO 

Theeb Rent a Car 

Nayifat 

Almunajem 

AMAK

Bawan 

BinDawood Holding 

Aldawaa 

Alamar 

Retal 

Tanmiah Food 

Sumou 

SHL 

2P 

Alsaif Gallery 

Emaar EC

Alandalus Property

East Pipes

Electrical Industries

Thob Al Aseel

Jahez

First Mills

Jamjoom Pharma

Al Rajhi REIT

Tasnee

Al-Babtain

Etihad Atheeb

MEDGULF

Avalon Pharma

SAIC

Saudi Paper

Walaa Insurance

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