Tadawul Restructures Real Estate Sector

Tadawul, the Saudi Stock Exchange, has reclassified 10 companies listed on the main and parallel markets according to the Global Industry Classification Standard (GICS). The new classifications will be effective starting Sunday, September 13, 2026. The adjustments include moving Jabal Omar Development Company and T bieah Investment from the Real Estate sector to the Consumer Discretionary sector, within the Consumer Services sub-sector. Additionally, other classifications involve companies in sectors such as Industrials, Information Technology, and Retail & Distribution of Consumer Goods. This change aims to improve the classification of companies to better reflect their economic activities and their new business models.

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