RIYADH: Saudi Research and Media Group, or SRMG, has been upgraded from MSCI ÂÜÀòÊÓƵ Small Cap Index to the MSCI ÂÜÀòÊÓƵ Standard Index by American research-based indexes and analytics firm MSCI.
This comes as part of the results of MSCI’s February 2022 Quarterly Index Review.
Accordingly,  the number of constituents in the MSCI ÂÜÀòÊÓƵ Standard Index to 34.
Meanwhile, Saudi Cement Co. was downgraded from MSCI ÂÜÀòÊÓƵ Standard Index to MSCI ÂÜÀòÊÓƵ Small Cap Index, bringing the index constituents to 52.
The updates will come into effect at the close of trading on February 28, Argaam reported.
