On October 12, 2020 Zawya reported that “Refinitiv and the Arab Federation of Exchanges (AFE) today launched the Refinitiv AFE Low Carbon Select Index in the Middle East and North Africa (MENA).
Environmental, Social and Governance (ESG) data and analytics is becoming of critical importance for MENA financial markets. The new index represents an ESG benchmark offering investors the opportunity to commit capital to companies that actively promote and invest in low carbon activities across their business operations in MENA.
It offers investors an opportunity to invest in 30 publicly traded equities across MENA markets
Saudi Arabia holds the largest country weight in the Index with 39.5 percent, followed by Kuwait (22.3 percent), UAE (16.6 percent), Qatar (13.4 percent), Egypt (4.5 percent), and other MENA markets (3.8 percent).”
You may read the article on the Zawya internet site.