Tadawul announces Aramco's fast entry to TASI on Dec. 18

11/12/2019 Argaam

 

The Saudi Stock Exchange (Tadawul) announced on Wednesday the fast entry of Saudi Arabian Oil Company (Saudi Aramco) to Tadawul All Share Index (TASI) and Energy Industry Group Index, as of the start of trading on Wednesday, Dec. 18, 2019.

 

On Dec. 1, Tadawul updated its indices methodology for the development and management of Tadawul equity indices, Argaam reported.

 

Tadawul applied a new “fast entry” rule, under which shares of significantly massive initial public offerings (IPOs) join TASI at the close of the fifth trading day.

 

For more details about Saudi Aramco IPO

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