FTSE announced that Saudi Arabia would be promoted to Secondary Emerging market status in five tranches, from Mar-2019 to Dec-2019. Saudi Arabia is expected to have an index weight within FTSE GEIS of 0.25% and 2.7% within the FTSE Emerging index, potentially becoming the 10th largest constituent on the EM Index with a weightage of 3%. This could translate into USD4.5bn of inflows into the Saudi Equity market. The FTSE Saudi Arabia All Cap Index has 79 constituents, with large cap stocks like Sabic, Al Rajhi, and NCB expected to attract significant inflows.
documents/vol00010-efta01435576-pdf.pdf
{"title":"Strategy Update: Saudi Arabia included in FTSE Secondary EM Index","key_people":["Aleksandar Stojanovski"],"document_date":"29 March 2018","document_type":"tabular","key_locations":["Saudi Arabia"],"key_organizations":["Deutsche Bank","FTSE","Saudi Basic Industries Corp","Al Rajhi Banking & Investment Corp","National Commercial Bank SJSC","Saudi Telecom Co","Saudi Arabian Mining Co-Maaden","Almarai Co Ltd","Riyad Bank","Saudi Electricity Co","Alinma Bank"]}