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MSCI Adds Three Saudi Companies to Global and Small-Cap Indexes

MSCI Inc., a leading provider of research-based indexes and analytics, has announced the inclusion of three Saudi companies in its global and small-cap indexes, underscoring the increasing prominence of Saudi Arabia in the global investment landscape.

Al-Rajhi Company for Cooperative Insurance is now part of the MSCI Global Standard Index, raising the number of Saudi firms in this index to 42. Additionally, Modern Mills for Food Products Co. and Cenomi Centers have been incorporated into the MSCI Saudi Arabia Small Cap Index, bringing the total to 84 Saudi firms in this category.

These additions will be effective as of the close of trading on August 30. The inclusion of these companies highlights Saudi Arabia’s diverse and dynamic economic environment.

Leading the Global Standard Index for Saudi Arabia is Al Rajhi Bank with a market capitalization of $44.72 billion, followed by Saudi National Bank and Saudi Aramco, with market caps of $29.78 billion and $26.70 billion, respectively. The MSCI Index also features prominent entities such as Saudi Telecom Co., Saudi Basic Industries Corp., ACWA Power, and Saudi Arabian Mining Co.

The healthcare sector representation includes Bupa Arabia for Cooperative Insurance Co., Dr. Sulaiman Al Habib Medical Services Group Co., Al-Mouwasat, Dallah Healthcare, and Al-Nahdi Medical Co. In the retail and consumer goods sector, Jarir Marketing Co., Almarai Co., and Savola Group are featured.

From the banking sector, the MSCI Index includes Riyadh Bank, Alinma Bank, Bank AlJazira, Bank AlBilad, Saudi French Bank, National Commercial Bank, SABB, and Saudi Investment Bank. Other notable companies include Saudi Research and Media Group, ADES Holding Co., SAL Saudi Logistics Services Co., and Luberef.

MSCI Inc. offers a comprehensive range of equity, fixed income, hedge fund, and multi-asset portfolio analysis tools. With over 40 years of expertise, MSCI’s research-based indexes and analytics support investors in building and managing superior portfolios. According to the Saudi Exchange, over SR14 trillion ($3.73 trillion) in equity assets are benchmarked to MSCI indices, and more than 90 of the top 100 global investment managers are MSCI clients.

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