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THE SAUDI STOCK EXCHANGE (TADAWUL) ANNOUNCES THE RECLASSIFICATION OF THREE LISTED COMPANIES BASED ON (GICS)

The Saudi Stock Exchange (Tadawul) announces the reclassification of three listed companies in the main Equity market by the Classification Owner, based on the Global Industry Classification Standard (GICS). The companies’ new classification shall be effective starting from Sunday 09/07/2017.
According to the Equity Market Structure, which consists of 20 Industry Groups representing the 2nd level of GICS hierarchical classification system, and based on the review criteria applied by the classification owner to ensure that companies are still classified under the Industries that correspond to the business activities which generate the majority of a company’s revenues, the following companies have been reclassified as outlined below:
-    Reclassification of National Industrialization Co. (TASNEE) from Capital Goods to Materials; 
-    Reclassification of Saudi Industrial Services Co. (SISCO) from Capital Goods to Transportation; 
-    Reclassification of Saudi Chemical Co. (Chemical) from Materials to Health Care Equipment and Services. 
For more details on the new classifications of the above mentioned companies, please click here 
For more information and FAQs on the New Industry Classification, please click Here

 

 

 

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