Alinma Bank, one of the leading financial institutions listed on the Saudi Arabiabn Tadawul Saudi Stock Exchange (Tadawul), is among the 31 Saudi companies that recently joined the MSCI Emerging Markets Index. Alinma Bank Chief Executive Officer, Mr. Abdulmohsen Al-Fares, expressed optimism that Saudi Arabia’s inclusion in the MSCI, would lead to an increased flow of foreign liquidity to the Tadawul, and enhanced overall trading volume.
Al-Fares went on to add that increased foreign investment activity in the Saudi market is a positive indicator of investor confidence in the robustness of the Saudi economy. He added, “We as employees of Alinma Bank are proud that Alinma Bank is among the companies listed in the first phase, which will introduce investors to the bank's award-winning activities and successes, which have led it to be the fastest growing bank in the kingdom over the past several years.
It is worth mentioning that the Tadawul was added to the watch list of the MSCI Emerging Markets Index in 2017 before being classified as an Emerging Market in 2018, making it the fastest market to move from the watch list to the Emerging Market status in the index’s history. Alinma aditionally constitutes 2.8% of the total value of the Tadwaul, making it a pillar of the Saudi economy and a strong contributor to the kingdom’s Vision 2030 effort.