Global index compiler MSCI said on Tuesday it would consider upgrading Saudi Arabia to emerging market status, a move that would attract tens of billions of dollars of fresh foreign money as the country seeks to diversify its economy beyond oil.
MSCI will announce its decision in June 2018, and any move to upgrade would take effect in two phases - in May 2019 and August 2019.
http://www.salaamgateway.com/en/story/msci_to_consider_adding_saudi_arabia_to_key_index_during_2019-SALAAM21062017030536/
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