FTSE Russell updates Saudi Tadawul Group’s investability weightings in three indices – The National

FTSE Russell updates Saudi Tadawul Group’s investability weightings in three indices – The National

FTSE Russell has updated the investability weightings of Saudi Tadawul Group, the holding company that owns and operates the kingdom's stock exchange, on three of its indices.

The group now has an updated weighting in the FTSE All-World Index, the FTSE Global Mid Cap Index and the FTSE Emerging Index, it said.

“The change follows the recent secondary offering of the group’s shares by the Public Investment Fund of Saudi Arabia (PIF), which increased the group’s free float, enhancing liquidity for both local and international investors,” the Saudi Tadawul Group said.