VOL. XLI

No. 17

27-April-1998

SAUDI ARABIA

Saudi Stock Market To Be Included In IFC Composite Index

As foreshadowed at a capital markets conference held in London last year (MEES,8 December 1997), Saudi Arabia will be included in the International Finance Corporation's(IFC) Global Composite Index from next month. In a statement, the IFC said that it iscurrently working on the composition of the Saudi index which it will then feed into theGlobal Composite, the broadest of the three indices which...