FTSE Russell implements semi-annual review of Saudi Arabia Free Index today

15/09/2022 Argaam

Tadawul trading screen

Global index provider FTSE Russell will implement changes to the FTSE Saudi Arabia Inclusion Index Series, based on its 2022 semi-annual review announced on Sept. 1.

 

FTSE Russel said it will implement changes to the FTSE Saudi Arabia Inclusion Index Series by the close of trading on Friday, Sept. 16.

 

 The following table shows FTSE Russel changes:

 

Details of Periodic Changes

Company

Changes

Etihad Etisalat Co. (Mobily)

Downgraded from Large to Mid Cap.

Jabal Omar Development

Downgraded from Large to Mid Cap.

Jarir Marketing

Downgraded from Large to Mid Cap.

Knowledge Economic City

Downgraded from Mid to Small Cap, and excluded from Global Standard Index

SPIMACO

Downgraded from Mid to Small Cap, and excluded from Global Standard Index

Elm

Included in Mid Cap and Global Standard Index

Alhokair Group

Excluded from Small Cap and all indices
 

FTSE added that these changes will be implemented on Thursday, Sept. 15, instead of Friday as the Saudi Exchange (Tadawul) is closed.

 

All changes will take effect on Sept. 19.

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