MSCI announces its semi-annual review by adding 3 new Saudi ‎stocks to its indices

MSCI decided to add Aramco base oil stock “Luberef” to its global benchmark index, which was listed on the main Saudi market in late 2022.

MSCI also added the shares of Al-Saif Gallery and the Riyadh Cables Group to its index of small companies, while de-listing the stock of Riyadh Cement from the index of small companies.

It confirmed that GOSI’s stakes transferred by Hassana and implemented in January 2022 will be reflected in its May rebalance. (estimated inflows of USD600-700mn from passive investors alone. This will be an addition to the ~USD600mn inflows from FTSE which reflected the transfers during its March 2022 rebalance.(

Hassana actions has increased KSA weight in MSCI and FTSE indices generating ~USD1.3bn of foreign inflows. More inflows (but volatile) are expected from active managers.