Tadawul updates names of 3 sectors, reclassifies some companies today

Tadawul trading screen

The Saudi Exchange (Tadawul) will update the names of three sectors and reclassify some listed companies, in line with the revision made to the Global Industry Classification Standard (GICS).  

The retailing sector will be renamed as consumer discretionary distribution and retail.

The food and staples retailing will be renamed as consumer staples distribution and retail. Finally, diversified financials will become financial services. 

Meanwhile, 14 companies were reclassified, six of which are listed on TASI and eight on Nomu-Parallel Market.   

TASI: 

- Saudi Vitrified Clay Pipes Co. (SVCP) was transferred to the materials sector - Level 1 / materials - Level 2. 

- Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) was moved to the industrials sector - level 1 / capital goods - level 2.

- Sinad Holding Co. was moved to the consumer staples sector - level 1 / food & beverages - level 2.  

- Batic Investments and Logistics Co. was transferred to capital goods - level 2. 

- Amlak International Finance Co. was moved to financial services - level 2.

- SHL Finance Co. was transferred to financial services - level 2. 

Nomu: 

- MOBI Industry Co. was transferred to consumer staples sector - level 1 / household & personal products - Level 2. 

- Al Razi Medical Co. was moved to healthcare sector - Level 1 / healthcare equipment & services - Level 2. 

- Marble Design Co. was moved to materials sector - level 1 / materials - level 2.  

- Advance International Company for Communication and Information Technology (AICTEC) was transferred to software & services - level 2. 

- Jahez International Company for Information System Technology was moved to consumer services - level 2.

- Abdulaziz and Mansour Ibrahim Albabtain (Albabtain Food) was moved to consumer staples distribution & retail - level 2. 

- Leen Alkhair Trading Co. was transferred to food & beverages - level 2. 

- WAJA Co. was moved to capital goods - level 2.