Al – Riyadh Journal Standard & Poor 's Dow Jones plans to improve the Saudi market by making it emerge in 2019

S & P Dow Jones Markets Index, said he has been consulting with investors to consider possible changes to the Kingdom's rating as a global stock index and the price tag. elevate to emerging market status.

In a statement, the agency said it would change Saudi Arabia's rating of an independent market to emerging markets in March 2019 in response to structural market reforms that have supported foreign investment and consensus among investors to take this action

The agency explained that this change will be done in two phases, the first in the quarterly review to be held in March 2019 and the second with the revision of September 2019.

She pointed out that at each stage of these steps will become existing Saudi actions To join the overall index, if the eligibility criteria are met, they will be included in these indicators at the specified percentage of adjusted market capitalization, about 50% in March, to complete 100% in September. With investors, for potential changes to the Kingdom's rating

It should be noted that Morgan Stanley Capital International (MSCI) announced in June its 2018 annual review of the international equity market classification, including the Saudi market at the rank of

The decision was made after the regulatory and operational reforms of the parties involved that effectively increased the opening of the Saudi market to founding investors.

The proposal to modernize the Saudi market was supported by the vast majority of founding investors who participated in the market. The Saudi Emerging Markets Index market will be improved in two stages, the first in the semiannual review in May 2019 and the second in the quarterly index review in August 2019.

Before that, Futsi Russell decided in March to include the Saudi market which will begin in March 2019.

The entry of the Saudi Capital Market and its inclusion in the Emerging Markets Index testifies to the 39, evolution of the Kingdom on its financial market in the light of the objectives of the Vision 2030 of the Kingdom. , Contributes to Diversification of investment opportunities, which will increase confidence in the market and stability and development.