Article length: 136 words
Saudi Arabia: Tadawul rises to EM status
Indexing firm FTSE Russell is to include the Saudi Stock Exchange (Tadawul) in its FTSE Emerging index next year, in a widely-anticipated change announced on 28 March. The decision is an important success for Riyadh, which has made a number of reforms since 2015 to make the Tadawul more attractive to international investors. Saudi stocks will be included into the index over five stages, from March to December 2019, eventually accounting for around 2.7% of the total index.
Credit value: 1