.jpg)
In line with its strategy to support the development of the Saudi capital market and to meet the best international practices, the Saudi Stock Exchange “Tadawul” plans to apply the Global Industry Classification Standard (GICS) by January 2017.
Tadawul’s decision to reclassify current market sectors will establish alignment with global standards for classifying listed companies. This is especially important to enhance the level of transparency in the local market and provide better information to international investors on the performance of local sectors and industries. Moreover, the new classification will encourage all investors to analyse and compare investment performances of different sectors with similar sectors in other global markets. This will contribute in setting sector-based investment strategies.
Furthermore, Tadawul plans to communicate all key information related to (GICS) and the new industry classification of listed companies to market participants and the public through conducting workshops and media awareness campaigns. This information will also be available on Tadawul’s website through the New Industry Classification page.
For more information, please visit the New Industry Classification page by clicking here
