MSCI to Reintroduce Indices for Saudi Arabia
30 Abril 2012 - 9:40AM
Business Wire
MSCI Inc. (NYSE: MSCI), a leading provider of investment
decision support tools worldwide, announced today that it will
reintroduce coverage of the Saudi Arabia equity market with the
release of standalone country indices, after reaching agreement
with the Saudi Stock Exchange (Tadawul) for the provision of market
data.
The reintroduced MSCI Saudi Arabia Domestic Indices, including
large cap, mid cap and small cap indices, are designed for
institutional investors wishing to invest in Saudi Arabia, and who
are not constrained by foreign ownership limits.
"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.”
Mr Abdullah Suweilmy, 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.”
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.
-Ends-
About MSCI
MSCI Inc. is a leading provider of investment decision support
tools to investors globally, including asset managers, banks, hedge
funds and pension funds. MSCI products and services include
indices, portfolio risk and performance analytics, and governance
tools.
The company’s flagship product offerings are: the MSCI indices
with approximately USD 7 trillion estimated to be benchmarked to
them on a worldwide basis1; Barra multi-asset class factor models,
portfolio risk and performance analytics; RiskMetrics multi-asset
class market and credit risk analytics; MSCI ESG (environmental,
social and governance) Research screening, analysis and ratings;
ISS governance research and outsourced proxy voting and reporting
services; FEA valuation models and risk management software for the
energy and commodities markets; and CFRA forensic accounting risk
research, legal/regulatory risk assessment, and due‐diligence. MSCI
is headquartered in New York, with research and commercial offices
around the world.
1As of June 30, 2011, based on eVestment, Lipper and Bloomberg
data.
For further information on MSCI, please visit our web site
at www.msci.com
About the Saudi Stock Exchange (Tadawul)
The Saudi Stock Exchange (Tadawul) Company is the sole owner and
operator of the Saudi stock market and the Saudi depository, and is
regulated by the Capital Market Authority of the Kingdom of Saudi
Arabia. It was established as a joint stock company in 2007.
It operates advanced electronic trading, clearing, settlement,
registry, depository, reporting and market data platforms for
transactions in Saudi listed companies, Saudi listed Bonds and
Sukuks, and Saudi ETFs.
It is the largest exchange in the GCC, in terms of market
capitalisation and of value of equity traded. At the end of March
2012 total equity market capitalization was US$ 410.5 billion
(Saudi Riyal 1,539.6 billion) and the daily average value traded of
equity for quarter 1 2012 was US$ 2.8 bn (Saudi Riyal 10.5 bn). It
lists 150 companies, and has 33 trading member firms and 11
Clearing Banks.
For further information on the Saudi Stock Exchange (Tadawul)
please visit: www.tadawul.com.sa
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