Riyadh – Mubasher: The Saudi Stock Exchange's (Tadawul) inclusion in the MSCI Emerging Markets (EM) Index will boost liquidity in the bourse and highlights Tadawul's efforts to be in line with global best practices, commerce and investment minister Majed bin Abdullah Al-Qasabi said.

The upgrade will improve the Saudi capital market by increasing investments, in addition to diversifying investment opportunities, Al-Qasabi added, according to a statement by the ministry.

The official further noted that upgrading Tadawul is part of Saudi Vision 2030 that aims at enhancing the GCC country’s stock exchange.

On Wednesday, MSCI announced upgrading Tadawul to an EM status, from standalone market in its annual review.