- MSCI (NYSE:MSCI +0.6%) and Saudi Stock Exchange Co., known as Tadawul, agree to create a join tradeable index that can serve as the basis for investment instruments including derivatives and exchange-traded funds.
- The index will be based on the broader MSCI Saudi Arabia index series that will be part of the MSCI Emerging Markets Index. The joint tradeable index will be available in Q4 2018.
- Previously: Upcoming index shakeup has broad implications - Barron's (Sept. 2)
- ETFs: KSA