Saudi Bourse ‘Optimistic’ on Getting FTSE Emerging Market Tag
- FTSE Russell decision on Saudi inclusion expected Wednesday
- Saudi sees new clearing house established second half of 2019
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The head of Saudi Arabia’s stock exchange says she’s "very optimistic" that FTSE Russell will decide to add the kingdom to its list of emerging markets, a decision that could draw billions of dollars in passive funds to the country.
"The feedback we have heard from investors is positive," Sarah Al-Suhaimi, chairwoman of the bourse, known as Tadawul, said in an interview in New York on Tuesday. "They had certain concerns and we have addressed most of them, so generally we’re optimistic."