FTSE Russell's June 2026 quarterly review of the Global Equity Index Series adds four Saudi listings from the late-2025 Tadawul market IPOs. The changes take effect at the open on Monday, 22 June 2026, after the close of business on Friday, 19 June 2026.
The four additions:
- Al Ramz Real Estate Company SJSC (TADAWUL: 4327)
- Almasar Alshamil Education Company CJSC (TADAWUL: 6019)
- Cherry Trading Company SJSC (TADAWUL: 4265)
- Consolidated Grunenfelder Saady Holding Company CJSC (TADAWUL: 4147)
All four debuted on the Tadawul main market in Q4 2025 or shortly after.
The companies
Cherry Trading Company is a Saudi vehicle leasing and sales business.
Almasar Alshamil Education, an indirect wholly-owned subsidiary of UAE-listed Amanat Holdings (DFM: AMANAT), is a GCC specialized education group operating Human Development Company in Saudi Arabia and Middlesex University Dubai, with a minority stake in NEMA Holding (owner of Abu Dhabi University and Liwa University). Trading commenced on 2 December 2025; the stock closed 18.4% above the offer price on debut.
Consolidated Grunenfelder Saady Holding Company (CGS) is a Riyadh-based manufacturer of refrigeration and cold-storage systems — refrigerated transport, industrial and commercial refrigeration, mobile cold stores — serving food, dairy, pharmaceuticals, and energy supply chains.
Al Ramz Real Estate Company is a Riyadh residential and commercial developer founded in 2016.
Notes on the review window
FTSE Russell flagged that the index review changes published 22 May 2026 may be subject to revision through close of business Friday, 5 June 2026. From Monday, 8 June 2026 the changes are final, with subsequent changes considered only in exceptional circumstances per FTSE Russell's recalculation policy.
Source: FTSE Russell, FTSE Global Equity Index Series June 2026 Quarterly Changes, 22 May 2026.
