The Saudi market regulator, the Capital Market Authority (CMA), has approved the request of NCB Capital Co. to offer units of AlAhli MSCI Saudi ETF in an initial public offering (IPO), according to a statement by the CMA.

 

No other details were revealed.

 

The MSCI index announced in June that the Saudi Stock Exchange (Tadawul) will be included in MSCI’s Emerging Market Index on two phases -- in May and August next year.

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