Logo of The Saudi Exchange (Tadawul)
The Saudi Exchange (Tadawul) launched today, Sept. 17, the Tadawul Size and IPO Indices.
The launch of Tadawul Large Cap Index (TLCI), the Tadawul Medium Cap Index (TMCI), the Tadawul Small Cap Index (TSCI), and the IPOs Index marks a significant step for the growth and progress of the Saudi stock market.
The TLCI accounts for approximately 70% of the total free-float market capitalization, while the TMCI and TSCI constitute 20% and 10%, respectively, of the total free-float market capitalization.
The market size indices will provide investors with criteria to expand their investments and capture the available opportunities.
Meanwhile, the IPO Index focuses on the companies that have listed their shares on the main market in the last five years. It also provides benchmarks for investors to evaluate the performance of newly listed companies as well as a unique opportunity to invest in new, fast-growing companies.
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