Saudi Arabia's stock exchange, known as "Tadawul," has announced the launch of trading indices for company sizes and initial public offerings (IPOs) effective from today, Sunday, September 17, 2023.
In a statement, Tadawul stated that the introduction of these new indices, which include indices for large, medium, and small companies, as well as an index for IPOs, is a significant step in the growth and progress of the Saudi financial market.
Tadawul to Al Arabiya: Foreign investments exceed SAR 370 billion Economic Stories Exclusive: Tadawul to Al Arabiya: Foreign investments exceed SAR 370 billion The trading indices for company sizes reflect the market composition, with large companies accounting for 70% of the total market capitalization of free-floating shares. Medium-sized companies represent 20%, while small companies make up the remaining 10%. These trading indices provide investors with benchmarks to expand their investment strategies and benefit from the opportunities offered by the market.
The IPO trading index focuses on companies that have listed their shares on the main market of Tadawul during the past five years. This index provides investors with benchmarks to evaluate the performance of newly listed companies and offers them a unique opportunity to invest in new and rapidly growing companies.
