Tadawul CEO Mohammed Al-Rumaih
Tadawul CEO Mohammed Al-Rumaih said the inclusion of Saudi local currency government bonds in JP Morgan Emerging Markets Government Bond Index (GBI-EM) and Bloomberg Emerging Market Local Currency Government Index next year is expected to generate foreign inflows exceeding $10 billion. 
Speaking to Asharq News, Al-Rumaih said the move would provide a significant boost to liquidity in the Kingdom’s domestic debt market, which is valued at around SAR 1.04 trillion ($278 billion). He added that off-exchange trading in local bonds exceeded $3 billion in the first quarter.
According to Argaam data, Saudi Arabia’s Capital Market Authority said in April that the Kingdom’s riyal-denominated government issuances would be gradually included in JPMorgan’s GBI-EM index starting Jan. 29, 2027.
Bloomberg Index Services also announced the inclusion of Saudi riyal-denominated government sukuk in its emerging market local currency government bond index, with implementation set to begin at the end-April 2027 rebalancing.
Tadawul CEO Mohammed Al-Rumaih
Tadawul CEO Mohammed Al-Rumaih said the inclusion of Saudi local currency government bonds in JP Morgan Emerging Markets Government Bond Index (GBI-EM) and Bloomberg Emerging Market Local Currency Government Index next year is expected to generate foreign inflows exceeding $10 billion.
Speaking to Asharq News, Al-Rumaih said the move would provide a significant boost to liquidity in the Kingdom’s domestic debt market, which is valued at around SAR 1.04 trillion ($278 billion). He added that off-exchange trading in local bonds exceeded $3 billion in the first quarter.
According to Argaam data, Saudi Arabia’s Capital Market Authority said in April that the Kingdom’s riyal-denominated government issuances would be gradually included in JPMorgan’s GBI-EM index starting Jan. 29, 2027.
Bloomberg Index Services also announced the inclusion of Saudi riyal-denominated government sukuk in its emerging market local currency government bond index, with implementation set to begin at the end-April 2027 rebalancing.
