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our top picks on this theme. MSCI inclusion: driving rerating; favour large caps We see support for the larger cap/higher quality names coming from Saudi Arabia's potential inclusion in the MSCI EM index, which we see happening in 2019 (with a watch list announcement on June 20 or off-cycle). Upon inclusion. S
s will also increase transparency and help to attract foreign oil companies in to the country. • Saudi Peg, No Change expected in the near future SABIC remains our top pick with 24% Total Return potential and a new PO of 118 SAR. Large & Liquid, Trades nearly $100mn/day Strong Cash generator with 3
uzzmachine.com and Graduate School of USA Professor Journalism (CUNY) Mohamed Husnee Jazeel Chief Executive Officer Dabbagh Group Holding Co. Saudi Arabia Ltd Alain Jeannet Editor-in-Chief L'Hebdo Switzerland Richard A. Jefferson Chief Executive Officer Cambia Australia Kevin J. Jenkins President
ident Sberbank Russian Federation Abdullah Bazid Executive Vice-President, Strategy Saudi Basic Industries Saudi Arabia Planning Corporation (SABIC) Timothy Beardson Chairman Crosby Holdings Ltd Hong Kong SAR Robert E. Beauchamp Chairman, President and Chief BMC Software Inc. USA Executi
uzzmachine.com and Graduate School of USA Professor Journalism (CUNY) Mohamed Husnee Jazeel Chief Executive Officer Dabbagh Group Holding Co. Saudi Arabia Ltd Alain Jeannet Editor-in-Chief L'Hebdo Switzerland Richard A. Jefferson Chief Executive Officer Cambia Australia Kevin J. Jenkins President
ident Sberbank Russian Federation Abdullah Bazid Executive Vice-President, Strategy Saudi Basic Industries Saudi Arabia Planning Corporation (SABIC) Timothy Beardson Chairman Crosby Holdings Ltd Hong Kong SAR Robert E. Beauchamp Chairman, President and Chief BMC Software Inc. USA Executi
Entities connected to both Saudi Arabia and SABIC

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