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FINANCIAL NEWS
Saudi Tadawul signs agreement with MSCI to provide new indices
01 May 2012
(MENAFN) Saudi stock exchange (Tadawul) announced that it inked a deal with MSCI, the index provider, to create Saudi equity market indices, reported Arabian Business.
Tadawul added that MSCI will re-launch the MSCI GCC countries Index and the MSCI Arabian Markets Index, in addition to local versions of current regional indexes.
Moreover, the provider will also re-launch coverage of the Saudi equity market, with the introduction of individual country indices.
It also said that by June, MSCI will introduce the MSCI Saudi Arabia Domestic Indices, and related regional benchmarks.
It is worth noting that two years ago, MSCI withdrew its Saudi indexes, following a dispute with Tadawul over licensing rights.
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