The listing of the Saudi bourse on the Financial Times Stock Exchange Index (FTSE Russell) as secondary emerging market (EM) status is part of the kingdom’s plans to diversify its economy, major index compiler CEO Mark Makepeace said.
FTSE Russell will start listing Saudi shares in March 2019 to be completed by December 2019, the Saudi Press Agency (SPA) reported, citing Makepeace as saying.
Upon finalising the inclusion, the Saudi Stock Exchange (Tadawul) will be the largest bourse in the Middle East, the CEO noted, expecting the stock market to attract $5.5 billion in inflows.
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