FTSE Russell includes 4 Saudi firms, removes 2 from Global Equity Index under semi-annual review

Tadawul trading screen

Global index provider FTSE Russell announced the results of its semi-annual review of indices by the close of trading on Friday, Sept. 17, 2021.

All constituent changes will come into effect on Monday, Sept. 20.

As Friday is the beginning of weekend in Saudi Arabia, the changes are expected to be implemented on Thursday, Sept. 16.

According the index compiler, shares of Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) and United Electronics Co. (eXtra) will join FTSE Saudi Arabia Mid Cap Index.

Moreover, Theeb Rent a Car Co. and Alkhorayef Water and Power Technologies Co. were included in FTSE Micro Cap Index, while Saudi Industrial Services Co. (SISCO) and Halwani Bros Co. were excluded from the index.