24 Hrs
Source:
الاقتصادية
_1777294237270_124456903.png&w=64&q=75){kind=small}
Tadawul Reclassifies Jabal Omar and Tibe from Real Estate Sector
The Saudi Exchange (Tadawul) announced the reclassification of 10 listed companies across the main and parallel markets, based on the Global Industry Classification Standard (GICS). This change will take effect starting from the trading session on September 13, 2026. The updates include the transfer of Jabal Omar Development and Taybah Investment to the Consumer Discretionary sector within the Consumer Services industry, as they were previously classified under the Real Estate sector. Additionally, other companies such as Ayn Investment and Fadwa Group Holding have been reclassified into sectors that better align with their core economic activities, reflecting developments in their business models and specializations. The purpose of this update is to improve the classification of companies according to their economic activities and to better align with market developments.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)