Credit rating agency Moody’s said on Monday that the inclusion of Saudi Arabian equities in MSCI Emerging Markets Index is positive for asset managers.

On 28 May, MSCI, a provider of equity, fixed-income and hedge fund stock market indices, included Saudi Arabia’s local equities in its MSCI Emerging Markets (MSCI EM) Index for the first time.1.

In a statement released on Monday Moody’s said the inclusion will deepen the liquidity and trading volume of the stocks in the index and likely attract a growing number of foreign investors,

a credit positive for Saudi asset managers such as NCB Capital (MQ1) and Jadwa Asset Management (MQ1) and managers involved in cross-border products.