Friday, October 27, 2023

“FTSE Russell Includes 5 Saudi Companies in Indices”


FTSE Russell, a global index provider of benchmarks, analytics, and data solutions, has announced the addition of five Saudi companies to its indices in its quarterly review. Luberef, Arabian Drilling, and Marafiq have been included in the FTSE Mid Cap Index and FTSE Global Equity Index, while Alsaif Gallery and 2P have become part of the FTSE Global Microcap Index Series and Global Equity Index All-Cap Index. The changes were originally scheduled to take effect on June 16 but will now be implemented on June 15 due to the original date falling on a Friday. Since opening its stock market to foreign investors in 2015, Saudi Arabia has introduced several reforms to make its capital markets more attractive to foreign investors and issuers as part of its plan to diversify the economy away from oil.

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