MSCI Inc. and the Saudi Stock Exchange (Tadawul) announced the launch of the MSCI Tadawul 30 Index, a tradeable index. The MSCI Tadawul 30 Index initially comprises the 30 larger securities listed on Saudi Arabian Equity Market, based on free float market capitalization and screened for liquidity and international investability. The index will be rebalanced four times a year, and the number of securities may vary within a range of 25-35 securities to reflect changes in the underlying market. Individual securities are capped at a maximum 15% weighting in the Index. The index will provide investors with a useful benchmark of the larger liquid companies in Saudi Arabia and serve as the basis for development of an index futures contract listed on Tadawul and can be licensed for other index linked financial instruments, including mutual funds, derivatives and exchange-traded products.