Riyadh, Shawwal 07, 1439, June 21, 2018, SPA -- The Saudi Arabian Monetary Authority (SAMA) has welcomed the entry of Tadawul into the MSCI Emerging Markets Index, in line with the objectives of the Financial Sector Development Program, an important step supporting the kingdom's capital market and financial system.
The introduction of the Saudi stock market to emerging market indices will support the investor's ability to diversify sources of finance, increase the attractiveness of investment, enhance private sector growth, and enhance the institutional investor's presence, which has a positive impact on corporate performance through increased transparency and governance and increased market stability and progress.
SAMA pointed out that the local financial and monetary stability over the past decades has had a significant impact on gaining investor confidence inside and outside the kingdom, and it is hoped that joining the MSCI Index will enhance the confidence of international investors in attracting investment to the Saudi stock market.
--SPA
20:27 LOCAL TIME 17:27 GMT
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