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Saudi regulator expects $40 billion foreign fund inflows after MSCI

by_marwa_rashad

MSCI's addition of Saudi Arabia to its emerging markets benchmark could help attract $40 billion (30.4 billion pounds) in foreign inflows from funds and boost the appeal of oil giant Saudi Aramco's proposed initial public offering, a senior Saudi official said. Inflows are expected from both passive and active funds, Mohammed bin Abdullah Elkuwaiz, chairman of the Saudi Capital Market Authority (CMA), told a news conference in Riyadh. The processes of index inclusion and the Aramco IPO are related but not necessarily linked, Elkuwaiz said.