Msci Inc : MSCI to Reintroduce Indices for Saudi Arabia
04/30/2012| 08:45am US/Eastern
MSCI Inc. (NYSE: MSCI), a leading provider of investment decision
support tools worldwide, announced today that it will reintroduce
coverage of the Saudi Arabia equity market with the release of
standalone country indices, after reaching agreement with the Saudi
Stock Exchange (Tadawul) for the provision of market data.
The reintroduced MSCI Saudi Arabia Domestic Indices, including large
cap, mid cap and small cap indices, are designed for institutional
investors wishing to invest in Saudi Arabia, and who are not constrained
by foreign ownership limits.
"We are delighted that we are once again able to offer indices covering
the Saudi Arabia equity market," said Baer Pettit, Managing Director and
Head of the MSCI Index business. "We believe that this announcement will
be welcomed by investors both in the region, and globally. Our clients
continue to demand high quality indices that accurately reflect the
equity market opportunity in the region, either as benchmarks or as the
basis for various financial instruments."
Mr Abdullah Suweilmy, CEO of the Saudi Stock Exchange (Tadawul)
commented, "We are very pleased to have MSCI as an authorized index
provider at Tadawul. Investors and asset managers in Saudi Arabia and
around the world can now use the services of MSCI for their view of the
equity market in Saudi Arabia, and financial product providers can use
MSCI as the basis for products that enable investors to participate in
the performance of the Saudi stock market."
MSCI will also reintroduce the MSCI GCC Countries Index (MSCI GCC
Countries ex Saudi Arabia Index + MSCI Saudi Arabia Domestic Index) and
the MSCI Arabian Markets Index (MSCI Arabian Markets ex Saudi Arabia
Index + MSCI Saudi Arabia Domestic Index), as well as domestic versions
of existing regional indices.
MSCI will make the MSCI Saudi Arabia Domestic Indices, and related
regional indices, available in the course of June 2012.
MSCI Inc. is a leading provider of investment decision support tools to
investors globally, including asset managers, banks, hedge funds and
pension funds. MSCI products and services include indices, portfolio
risk and performance analytics, and governance tools.
The company's flagship product offerings are: the MSCI indices with
approximately USD 7 trillion estimated to be benchmarked to them on a
worldwide basis1; Barra multi-asset class factor models,
portfolio risk and performance analytics; RiskMetrics multi-asset class
market and credit risk analytics; MSCI ESG (environmental, social and
governance) Research screening, analysis and ratings; ISS governance
research and outsourced proxy voting and reporting services; FEA
valuation models and risk management software for the energy and
commodities markets; and CFRA forensic accounting risk research,
legal/regulatory risk assessment, and due?diligence. MSCI is
headquartered in New York, with research and commercial offices around
1As of June 30, 2011, based on eVestment, Lipper
and Bloomberg data.
For further information on MSCI, please visit our web site at www.msci.com
About the Saudi Stock Exchange (Tadawul)
The Saudi Stock Exchange (Tadawul) Company is the sole owner and
operator of the Saudi stock market and the Saudi depository, and is
regulated by the Capital Market Authority of the Kingdom of Saudi
Arabia. It was established as a joint stock company in 2007.
It operates advanced electronic trading, clearing, settlement, registry,
depository, reporting and market data platforms for transactions in
Saudi listed companies, Saudi listed Bonds and Sukuks, and Saudi ETFs.
It is the largest exchange in the GCC, in terms of market capitalisation
and of value of equity traded. At the end of March 2012 total equity
market capitalization was US$ 410.5 billion (Saudi Riyal 1,539.6
billion) and the daily average value traded of equity for quarter 1 2012
was US$ 2.8 bn (Saudi Riyal 10.5 bn). It lists 150 companies, and has 33
trading member firms and 11 Clearing Banks.
For further information on the Saudi Stock Exchange (Tadawul) please
MSCI Media Enquiries:
Jo Morgan, London + 44.20.7618.2224
Sally Todd | Jennifer Spivey, London +
| Victor Morales, New York + 1.212.371.5999
Americas Client Service 1.888.588.4567 (toll
EMEA Client Service + 44.20.7618.2222
Pacific Client Service + 852.2844.9333
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