Mubasher - Mr. Jamal: The Saudi Arabian Oil Company (Saudi Aramco) stock received significant liquidity at the end of trading on Monday, coinciding with the review of the MSCI Global Index and its decision to increase the weight of Saudi Aramco in the index, with changes occurring in free shares.

The liquidity value/value of trading on Saudi Aramco shares in today’s session, Monday, amounted to 4.56 billion riyals ($1.21 billion), which raised the total trading value in the market in today’s transactions to 12.28 billion riyals ($3.28 billion).

It is noteworthy that the Saudi Aramco share ended today's trading session with a decline of 0.18%, closing at 28 riyals per share, as it witnessed the execution of 15.68 thousand transactions, which were carried out on 162.8 million shares.

The general index of the market "TASI" ended Monday's trading with a decline of 0.65%, losing 77.18 points, to close at 11,787.72 points.

MSCI had previously announced an increase in the foreign listing factor ( FIF ) and domestic listing factor ( DIF ) for Saudi Aramco from 0.018 to 0.024, effective from the close of November 25, in conjunction with the index review in November 2024.

As part of the November 2024 Index Review, MSCI assessed the treatment of the remaining holdings of local institutional investors in Saudi Aramco based on the latest available disclosures.

MSCI explained that in calculating the foreign listing factor and the local listing factor for Saudi Aramco, the shares of local institutional investors were considered as free float shares, which led to an increase in the foreign listing factor and the local listing factor.

It is noteworthy that FTSE Russell announced on November 18, 2024 its intention to update the weight of Saudi Aramco, in conjunction with the quarterly review of the FTSE Global Equity Index Series (GEIS ) of the FTSE index for December 2024.

FTSE revealed that it intends to increase the weight of Saudi Aramco in global equity indices and related indices from 1.85% to 2.38%, based on the latest public disclosure of Aramco to shareholders as of June 9, 2024, according to which the relative weight will be raised to 2.38% in accordance with the FTSE Russell free float restrictions guidelines.

According to a statement issued by FTSE, Saudi Aramco's weight will increase to 0.048% in the FTSE Russell Global All Companies Index, while its weight will increase to 0.48% in the FTSE Russell Emerging Markets All Companies Index, and will jump to 11.18% in the FTSE Russell Saudi All Companies Index.

On June 9, Saudi Aramco announced a change in the company’s ownership structure after the completion of the secondary public offering of the company’s shares.

Following the secondary offering , international institutional investors owned 0.73% of the issued shares, local institutional investors owned 0.89% of the issued shares, individuals owned 0.76% of the issued shares, and the remaining shareholders of the company, including the government of the Kingdom of Saudi Arabia, owned 97.62% of the issued shares.