H.E. Dr. Majed Bin Abdullah Al Qasabi, Minister of Commerce and Investment, affirmed that the inclusion of MSCI Index for the Saudi Capital Market, among the emerging markets, is a reflection of what the Saudi Capital Market has achieved to reach the global markets in terms of efficiency.
H.E. Dr. Al Qasabi pointed out that joining the Emerging Global Stock Market Indexes would enhance the liquidity in the Saudi Capital Market by increasing the investments and contributes in the diversification of investment opportunities for exporters and investors. This would increase the stability and progress of the capital market, as well as it would reflect the goals of the Kingdom’s Vision 2030 towards building an advanced and open capital market and enhancing its role as a leading capital market and as a hub for regional and global investment across the Arabian Gulf, Middle East and North Africa.
H.E. Dr. Al Qasabi hailed the positive developments witnessed by the Saudi Capital Market in meeting the criteria for joining the Global Emerging Stock Market Index, including FTSE Russell Index and MSCI Index. This reflects the increasing confidence of the investors and the positive improvements witnessed by the Saudi Capital Market in line with the Kingdom’s Vision 2030.
H.E. Dr. Al Qasabi added "This move will have a significant impact on stimulating the companies and the private sector by increasing the volume of investment opportunities, increasing liquidity in the Capital Market and contributing in fair valuations of companies' equities, in addition to having access for the national companies and their investment products to the Global Markets”.