30 April 2012
Riyadh - April 30th, 2012 The Saudi Stock Exchange (Tadawul) announced today that is has signed an agreement with MSCI, a leading provider of investment decision support tools worldwide, authorizing MSCI to use Tadawul market data to create and issue indexes on the Saudi Arabian equity market.
Abdullah AlSuweilmy, CEO of the Saudi Stock Exchange (Tadawul) commented, "We are very pleased to have MSCI as an authorized index provider at Tadawul. Investors and asset managers in Saudi Arabia and around the world can now use the services of MSCI for their view of the equity market in Saudi Arabia, and financial product providers can use MSCI as the basis for products that enable investors to participate in the performance of the Saudi stock market."
"We are delighted that we are once again able to offer indices covering the Saudi Arabia equity market," said Baer Pettit, Managing Director and Head of the MSCI Index business. "We believe that this announcement will be welcomed by investors both in the region, and globally. Our clients continue to demand high quality indices that accurately reflect the equity market opportunity in the region, either as benchmarks or as the basis for various financial instruments."
MSCI will reintroduce coverage of the Saudi Arabia equity market with the release of standalone country indices. MSCI will also reintroduce the MSCI GCC Countries Index (MSCI GCC Countries ex Saudi Arabia Index + MSCI Saudi Arabia Domestic Index) and the MSCI Arabian Markets Index (MSCI Arabian Markets ex Saudi Arabia Index + MSCI Saudi Arabia Domestic Index), as well as domestic versions of existing regional indices.
MSCI will make the MSCI Saudi Arabia Domestic Indices, and related regional indices, available in the course of June 2012.
Riyadh - April 30th, 2012 The Saudi Stock Exchange (Tadawul) announced today that is has signed an agreement with MSCI, a leading provider of investment decision support tools worldwide, authorizing MSCI to use Tadawul market data to create and issue indexes on the Saudi Arabian equity market.
Abdullah AlSuweilmy, CEO of the Saudi Stock Exchange (Tadawul) commented, "We are very pleased to have MSCI as an authorized index provider at Tadawul. Investors and asset managers in Saudi Arabia and around the world can now use the services of MSCI for their view of the equity market in Saudi Arabia, and financial product providers can use MSCI as the basis for products that enable investors to participate in the performance of the Saudi stock market."
"We are delighted that we are once again able to offer indices covering the Saudi Arabia equity market," said Baer Pettit, Managing Director and Head of the MSCI Index business. "We believe that this announcement will be welcomed by investors both in the region, and globally. Our clients continue to demand high quality indices that accurately reflect the equity market opportunity in the region, either as benchmarks or as the basis for various financial instruments."
MSCI will reintroduce coverage of the Saudi Arabia equity market with the release of standalone country indices. MSCI will also reintroduce the MSCI GCC Countries Index (MSCI GCC Countries ex Saudi Arabia Index + MSCI Saudi Arabia Domestic Index) and the MSCI Arabian Markets Index (MSCI Arabian Markets ex Saudi Arabia Index + MSCI Saudi Arabia Domestic Index), as well as domestic versions of existing regional indices.
MSCI will make the MSCI Saudi Arabia Domestic Indices, and related regional indices, available in the course of June 2012.
© Tadawul 2012
