MSCI to study adding Saudi Arabia as emerging market in 2015

July 23, 2014 6:34 am

Index compiler MSCI has said it will consult with investors about adding Saudi Arabia to its broader stock indices and could make a decision to include it as an emerging market in June 2015, Reuters has reported. The kingdom plans to open its stock market to direct investment by foreign financial institutions in the first half of next year, the market regulator said. “We need to be convinced that everything is at emerging market standards,” said executive director in the index research team at MSCI, Sebastien Lieblich.