Riyadh – Mubasher: Morgan Stanley Capital International (MSCI) praised amendments made by The Saudi Arabian Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul), asserting that these changes will improve the Kingdom’s opportunities to enter the MSCI's Emerging Markets Index

MSCI said that it follows the positive impact of changes that took place in the Saudi market; like allowing foreign investors to own larger stakes in companies listed on Tadawul and improving delivery systems and payment mechanisms.

Changes are expected to be effective by mid-2017.

Meanwhile, MSCI postponed the listing of Chinese A shares on its global Emerging Markets Index, explaining that China needs to achieve greater progress in liberalising its financial system ahead of June 2017.