FTSE Russell announces semi-annual review of Saudi firms

02/03/2023 Argaam

FTSE Russell announces semi-annual review of Saudi firms

Tadawul trading screen

Global index provider FTSE Russell announced its semi-annual review of Saudi Arabia Free Index Series, which will take effect on March 20.

 

FTSE Russel said it will apply changes to the FTSE Saudi Arabia Inclusion Index Series by the close of trading on Friday, March 17.

 

These changes will be implemented on Thursday, March 16 instead of Friday as the Saudi Exchange (Tadawul) is closed.

 

The following table shows FTSE Russel changes:

 

Details of Periodic Changes

Company

Changes

Sipchem

Downgraded from Large Cap to Mid Cap

Yansab

Downgraded from Large Cap to Mid Cap

Saudi Ground Services

Downgraded from Large Cap to Small Cap

Aldawaa

Included in Small Cap Index

AMAK

Included in Small Cap Index

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