Saudi exchange adds new indices

Tadawul, the Saudi stock exchange, has launched four indices in a bid to further attract international investors.

The investor benchmarks are based on company size and IPO performance.

According to the exchange, the Size Indices, Tadawul Large, Tadawul Medium and Tadawul Small, reflect the market’s composition.

Currently large companies account for 70% of the free float market cap while medium and small-sized companies account for 20% and 10% respectively.

The fourth index, Tadawul IPO, is designed to track the performance of companies listed on the exchange’s main market within the last five years.

“We believe these indices will serve as valuable benchmarks for investment products and will allow both local and foreign investors to access and benefit from our dynamic and growing capital market,” said Mohammed Al Rumaih, CEO of the Saudi Exchange.

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