Saudi Arabia now in MSCI EM
MSCI announced the inclusion of Saudi Arabia into the MSCI EM Index, as expected, with a weight of 2.6%. MSCI, in its annual market classification review, on 20 June added Saudi Arabia to the MSCI Emerging Market (EM) Index. Saudi Arabia, on the other hand, gains a substantial lead in the Gulf Cooperation Council (GCC) region with a 2.6% weight, when compared to Qatar’s 0.8% and the UAE’s 0.6%.