TADAWUL Announces The Reclassification Of Tasnee Based On (GICS)

The Saudi Stock Exchange (Tadawul) announces the reclassification of TASNEE among three listed companies in the main Equity market by the Classification Owner, based on the Global Industry Classification Standard (GICS). The companies’ new classification shall be effective starting from Sunday 15/10/1438H corresponding to 09/07/2017.

According to the Equity Market Structure, which consists of 20 Industry Groups representing the 2nd level of GICS hierarchical classification system, and based on the review criteria applied by the classification owner to ensure that companies are still classified under the Industries that correspond to the business activities which generate the majority of a company’s revenues, the National Industrialization Co. (TASNEE) has been reclassified from Capital Goods to Basic Materials.