Saudi Arabia's stock exchange plans to launch an environmental, social or governance (ESG) index in cooperation with global index provider MSCI by the fourth quarter of this year or first quarter of 2021, the bourse's chief executive said on Wednesday.
The index will include at least 70 Saudi listed companies and will be based on MSCI standards, Khalid al-Hussan said at a virtual event.
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"Globally we understand that ESG is becoming an investment requirement and we don't want to be behind this in the Saudi market," he added.
