Tadawul reclassifies 5 TASI, Nomu-listed companies

The reclassification comes in accordance to the Global Industry Classification Standard (GICS)

The Saudi Exchange (Tadawul) reclassified some listed companies in the Main Market (TASI) and the Nomu-Parallel Market, effective as of trading start on Sept. 14.

The reclassification comes in accordance with the Global Industry Classification Standard (GICS), Tadawul said in a statement.

Five companies were reclassified (two on TASI and three others are Nomu-listed), as follows:

TASI:

- Transfer of Aldrees Petroleum and Transport Services Co. to Consumer Discretionary sector - Level 1 and Consumer Discretionary Distribution & Retail Industry Group - Level 2.

-Transfer of Al Taiseer Group Talco Industrial Co. (TALCO) to Materials sector - Level 1 and Materials Industry Group - Level 2.

NOMU:

- Transfer of United Mining Industries Co. Industrials sector - Level 1 and Capital Goods Industry Group - Level 2.

- Transfer of Clean Life Co. to Consumer Discretionary sector - Level 1 and Consumer Services Industry Group - Level 2.

- Transfer of Al Ashghal Al Moysra Co. to Capital Goods Industry Group - Level 2.