The GCC 40 index provides exposure to 40 of the largest most liquid companies trading on the primary exchanges of Bahrain, Kuwait, Oman, Qatar, and the United Arab Emirates.
Guaranteeing broad exposure across all the GCC countries, the index requires that each country is represented. Saudi Arabia is excluded from the GCC 40 at this time since it is not accessible to foreign investors.
Index constituents exhibit the following characteristics:
Weighting – Market capitalization weighting scheme. Each constituent must have a weight of no more than 8% in the index, and each country cannot have a weight of more than 40% in the index.
Market Capitalization – Stocks must have a float-adjusted market capitalization above US$ 400 million.
Liquidity - Stocks must have a three-month average daily value traded above US$ 1 million.
Domicile – Companies must reside in Bahrain, Kuwait, Oman, Qatar or the United Arab Emirates.
Index Governance and Policy
This index is maintained by the S&P GCC Index Committee, whose members include Standard & Poor’s economists and index analysts. It follows a set of published rules and policies that provide the transparent methodology used to maintain the index.
