Arqaam Capital expects that the Arab Company for Internet and Communications Services solutions by stc will qualify for quick accession to the FTSE index immediately upon its inclusion, if the market value of the company exceeds 17 billion riyals, upon completion of its offering in the Saudi market.
According to Arabiya Net, figures indicated that the inclusion of solutions to the index may open the door to cash flows ranging from 30 to 40 million dollars.
As for joining the MSCI index, the probability of inclusion in the index remains lower, according to the Arqaam Capital report.
