Riyadh — Some 30 Saudi Arabian securities would be added to MSCI Inc, the world’s largest index provider has announced.

This represents an aggregate weight of 1.42% in the MSCI Emerging Markets Index.

All changes will be implemented as of the close of May 28.

This could draw billions of dollars into the stocks.

The three largest additions to the MSCI Emerging Markets Index measured by full company market capitalization will be Saudi Basic Industries Corporation (Saudi Arabia), Saudi Telecom Company (Saudi Arabia) and Al Rajhi Banking and Investment Corporation (Saudi Arabia).