FTSE Russell announces semi-annual review of some Saudi companies

A Tadawul screen showing prices of stocks.
Global index provider FTSE Russell announced its semi-annual review of indexes, effective March 25.
The changes will be implemented at market close on March 20. Since that date falls on a Friday, the adjustments in the Saudi market are expected to be applied on Thursday, March 25.
FTSE made a number of changes to Saudi stocks across its indexes, as shown below:
Details of FTSE Russell Adjustments
|
Company |
Decision |
|
solutions |
Downgrade from Large Cap to Mid Cap Index |
|
Electrical Industries |
Upgraded from Small Cap to Mid Cap and Global Standard Index |
|
Al Othaim |
Downgrade from Mid Cap Index to Small Cap Index |
|
BinDawood Holding |
Downgrade from Mid Cap Index to Small Cap Index |
|
Emaar EC |
Downgrade from Mid Cap Index to Small Cap Index |
|
Leejam |
Downgrade from Mid Cap Index to Small Cap Index |
|
Qassim Cement |
Downgrade from Mid Cap Index to Small Cap Index |
|
Saudi Cement |
Downgrade from Mid Cap Index to Small Cap Index |
|
Al Akaria |
Downgrade from Mid Cap Index to Small Cap Index |
|
Yamama Cement |
Downgrade from Mid Cap Index to Small Cap Index |
|
Almunajem |
Downgrade from Small Cap to Microcap Index |
|
City Cement |
Downgrade from Small Cap to Microcap Index |
|
MEPCO |
Downgrade from Small Cap to Microcap Index |
|
Al Majdiah |
Add to Microcap Index (post-IPO) |
|
Build Station |
Add to Microcap Index (post-IPO) |
|
OGC |
Add to Microcap Index |
|
Saudi Azm |
Add to Microcap Index |
|
Tihama |
Add to Microcap Index |
|
Raydan |
Remove from Microcap Index |
|
Saudi Enaya |
Remove from Microcap Index |
|
UCA |
Remove from Microcap Index |
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