The Saudi Stock Exchange, Tadawul, announced the maintenance of indices for the fourth quarter of 2020, by updating free shares for all issuers listed in the market, from the start of trading on Sunday January 3, 2021.
According to Arabiya Net, Tadawul said, in a statement, that the shares of Bin Dawood Holding Company will be added to the main market index, TASI and the food retail sector index, as well as Adding the shares of Al-Samaani Factory for Metal Industries to TASI and the commercial and professional services sector index
The Saudi Stock Exchange added that it has reclassified Ayan Investment Company in the main market based on the Global Sectors Standard (GICS), from the industries sector capital goods to the health care sector Health.
and clarified that the new classification will be implemented in the calculation of sector indicators starting Sunday, January 3, 2021.
It is mentioned that Tadawul maintains indicators at the end of each quarter to keep abreast of developments, including changes in the number of free shares, and review procedures may take place during the quarter, due to Source events such as mergers and acquisitions or any other events that could significantly affect the index.
and the free shares methodology includes calculating the securities available for trading in the Saudi stock market, excluding the nonfree shares owned by a government entity that owns 5% or more in a listed company, Restricted shares, which are not allowed to be traded during a period of time, shares due through buybacks by a listed company, shares owned by a member of the Board of Directors, in addition to shares that represent controlling ownership (30% or more).
