“Globally we understand that environmental, social or governance (ESG) funds are becoming an investment requirement, and we don’t want to be behind on this in the Saudi market.”
-Khalid Al-Hussan, CEO of the Saudi Stock Market, on the announcement that the Tadawul plans to launch an ESG index in cooperation with global index provider MSCI by the fourth quarter of this year or first quarter of 2021. [Reuters]
