The Saudi Stock Exchange (Tadawul) on June 20 will extend the 10-minute closing auction session an additional 10 minutes, ahead of the third tranche of its inclusion on the FTSE Russell Emerging Market Index.
The third tranche of the FTSE inclusion will begin on June 24, based on closing prices on June 20.
The inclusion factor will be at 25 percent, the statement added.
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Timeline: Tadawul’s FTSE Inclusion |
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Stages |
Tranche 1 |
Tranche 2 |
Tranche 3 |
Tranche 4 |
Tranche 5 |
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Review date |
March 18 |
May 1 |
June 24 |
Sept. 23 |
March 23, 2020 |
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Tranche size |
10 % |
15 % |
25 % |
25 % |
25 % |
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Total |
10 % |
25 % |
50 % |
75 % |
100 % |
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Non-active investments |
SAR 1.8 bln |
SAR 2.7 bln |
SAR 4.5 bln |
SAR 4.5 bln |
SAR 4.5 bln |
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