Saudi FTSE Russell and S & P Dow Jones Index Market Shows Continued Investor Confidence in Market and Successful Reforms

"The Saudi Stock Exchange's joining the FTSE Russell and S & P Dow Jones Emerging Markets indices demonstrates the continued confidence of investors in the market and demonstrates the success of reforms and improvements made in line with the objectives of the Tatweer program", said the engineer Khalid Bin Abdullah Al Hussan, The financial sector and the vision of the Kingdom of 2030, which contribute to strengthen the market position at the regional and global levels.

Wakas Samad, managing director of FTSE Russell, said that upgrading the Saudi market to the emerging markets index within the FTSE Russell global stock index was a major achievement.

"The AMC and Tadawul have long been committed to improving the financial market infrastructure in Saudi Arabia, which has been crowned today by adhering to membership criteria."

"The recent listing of the Saudi equity market as an emerging market in our global emerging markets index rather than as an independent market is the result of ongoing consultations with market participants, global investors and recent positive reforms. of the market, "said Alex Mature, managing director of S & P Dow Jones. Market infrastructure that supports foreign investment in the country. "

According to the data available "Numbers" The first phase of the Saudi market for FTSE Russell and S & P Dow Jones Emerging Markets was launched on Monday, March 18, 2019.