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Tadawul Launches TASI50 to Track Top 50 Listed Companies

The Saudi Exchange Co. (Tadawul) launched on Sunday the TASI50 Index, which tracks the top 50 companies ranked by total market capitalization listed on the Saudi Exchange. Tadawul said in a statement that constituents in the index cover 90% of the free float market cap with a minimum annual traded value ratio (ATVR) of 5%, ensuring that the index comprehensively represents the largest companies in the market.

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Mozn and Bayan Credit Bureau collaborate to boost financial industry development in Saudi Arabia

Mozn and Bayan Credit Bureau collaborate to boost financial industry development in Saudi Arabia
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Saudi Venture Capital Company supports 100 startups, 29 investment funds

RIYADH: The Saudi Venture Capital Co. has supported 100 startups through 29 investment funds to develop the local venture investment sector, CEO Nabeel Koshak said. As many as 24 funds and five groups of people have benefited from the company’s support, Koshak said on Tuesday during a virtual talk organised by the Financial Academy, according to SPA.

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