Agribusiness Salic steps up to the FTSE large-cap index: The latest FTSE Russell semi-annual review (pdf) classifies the Saudi Agricultural and Livestock Investment Company (Salic) and the UAE’s Adnoc Supply to large-cap status up from mid-cap in a move that reflects their growing market capitalization and strategic weight in the GCC economy. The review also saw upgrades for Parkin and Space42 to the mid-cap index and additions to the FTSE All-World Index.

The upgrade comes as Salic continues to expand its global agribusiness footprint, reinforcing its role as a key player in the government’s food security strategy. Large-cap inclusion means Salic is now positioned alongside the Kingdom’s financial heavyweights, making it a prime target for institutional and fund flows that track FTSE indices.

The changes take effect after trading closes on Friday, 21 March, with the changes applying from Monday, 24 March. However, FTSE Russell will finalize adjustments by Monday, 10 March.

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