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Saudi Arabia: Tadawul struggles for growth despite index upgrade

The final stage of the entry of the Saudi Stock Exchange (Tadawul) to the MSCI Emerging Markets (EM) Index was completed on 29 August, three months after the first phase was implemented. The bourse has a 2.8% weighting in the index, in which 31 Tadawul-listed companies are included. The much-anticipated promotion from being a standalone market has already attracted large sums of foreign capital, with the Tadawul saying foreign investors accounted for 21% of all market trading in the first seven months of the year, equivalent to $56bn-worth of trading.

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