Pure Stocks 2023: Comprehensive Guide to Company Lists and Activities in the

Pure Stocks 2023 are shares of companies listed on the Saudi financial market that meet the Sharia requirements for Islamic investment. Purity here means the absence of any usurious activity or dealings, or participation in prohibited sectors such as alcohol, gambling, or forbidden animal products. Pure stock lists are prepared by Islamic economics experts such as Dr. Mohammed bin Saud Al-Osaimi, who applies strict Sharia criteria in classifying companies. Thanks to these lists, Muslim investors can invest with confidence, without the need to purify profits or worry about suspicious income sources. The lists are updated annually to reflect any changes in the activities or funding sources of listed companies.

Companies considered for the Pure Stocks 2023 list are subject to a set of strict Sharia and financial criteria. Key criteria include:
1. Core business activity: The main activity must not violate Sharia principles.
2. Income sources: No profits from usurious interest or prohibited activities.
3. Financing structure: The ratio of usurious debt to total assets must be very low or zero.
4. Investments: The company must not hold bonds or financial instruments prohibited by Sharia.
Sharia boards and independent consultants regularly review these criteria, and any stock is removed from the list if its circumstances change, ensuring a high level of control and transparency for investors seeking halal options.

According to the latest data for 2023, the number of companies included in the Pure Stocks list in the Saudi market reached 251. These are distributed across the main market (TASI) with 160 companies and the Nomu parallel market with 91 companies. This broad diversity offers investors multiple choices covering most economic sectors and reflects the commitment of Saudi companies to Sharia standards. Notably, this list changes annually based on reviews of company activities and financial results, enhancing the reliability of updated lists as a reference for investors.

The Pure Stocks 2023 list includes leading companies across various sectors. Notable examples include:
- Almarai (2270): The largest food and dairy company in the region, known for its financial strength and Sharia-compliant activities.
- Arabian International Healthcare Holding Company (9530): A leader in the healthcare sector.
- Saudi Automotive Services Company (4050): Specializes in automotive and transport services.
- Saudi Industrial Development Company (2130): Active in the manufacturing sector.
- Arabian Internet and Communications Services Company (7202): Provides internet and communications services and is considered a pure company in the tech sector.
These companies represent diverse sectors and typically achieve stable growth and regular dividend policies, attracting a wide range of investors.

Pure Stocks 2023 cover most economic sectors in the Saudi financial market.
- The consumer goods and food sector includes companies like Almarai and Nadec.
- The manufacturing sector features companies such as Chemical Holding and Arabian Plastics.
- The services and human resources sector is characterized by recruitment and training firms like International Human Resources.
- The telecommunications sector includes pure internet and communications service providers.
- The transport and logistics sector features Saudi Public Transport Company and pure logistics firms.
- The health sector includes medical care and pharmaceutical companies.
This diversity allows investors to diversify risk and build Sharia-compliant portfolios.

Most Pure Stocks 2023 companies are characterized by high financial solvency and transparent disclosures. For example, Almarai's share price in 2023 reached around SAR 234.10, with a price-to-earnings ratio of about 9-10, and an average annual dividend yield of approximately 4% in recent years.
Arabian International Healthcare Holding Company recorded a price near SAR 21.50, while shares of other companies such as Saudi Automotive Services ranged between SAR 50-51.
These companies typically issue annual reports detailing distributed profits and market value, making it easier for investors to assess their financial position. However, financial performance remains linked to sector and overall market performance.

During 2024 and 2025, pure stocks in Saudi Arabia have attracted increasing interest from young investors, especially with growing awareness of halal investing. The Saudi financial market launched the TASI Islamic Index to cover companies compliant with Sharia standards, while updates to Dr. Al-Osaimi's lists continued to be circulated through electronic platforms.
There have been no fundamental changes in the concept of 'pure stocks,' but discussions about developing investment funds or specialized indices for pure stocks are ongoing, with expectations for new products in the coming years. Sharia oversight and regular list updates remain key features of this market.

The Pure Stocks 2023 lists rely on periodic reviews, usually conducted annually or when financial results are released that affect a company's activities. Dr. Mohammed bin Saud Al-Osaimi, a leading expert in the field, reviews company reports, examines their activities and funding sources, and updates his list based on changes. The update process includes reviewing debt ratios, income sources, and any new investments that may affect Sharia purity. Updated lists are published on specialized websites and stock trading platforms, serving as a reference for investors and Islamic investment portfolios.

Pure stocks are those completely free from any usurious activity, prohibited financing, or dealings. Permissible stocks may be free from major prohibited activities but could include minor interest-bearing loans or secondary activities that require partial profit purification. Some investors choose pure stocks to avoid any financial suspicion, while others accept permissible stocks with a commitment to purify profits. In all cases, Sharia list criteria remain the main reference, and it is always advisable to consult reliable authorities or Sharia advisors in case of doubt.

One of the main advantages of pure stocks in the Saudi market is sectoral diversification. The presence of companies from food, manufacturing, health, services, transport, and technology sectors gives investors flexibility in allocating investments and reducing risks associated with a single sector. Investors can build a fully diversified portfolio of pure stocks, combining financial stability with Sharia compliance. This diversity also enhances the market's ability to attract new capital, especially as demand for ethical and Sharia-compliant investments grows.

Pure stock lists are available from several reliable sources:
- The official website of Dr. Mohammed bin Saud Al-Osaimi.
- Saudi stock analysis platforms such as stock.ledraa.com.
- Reports from Sharia boards at investment banks.
- Saudi financial market (Tadawul) websites.
It is recommended to refer to these sources when updating lists or searching for company developments. Lists can be downloaded electronically or reviewed in annual company reports published on Tadawul to ensure access to the latest information on each stock's Sharia and financial status.

Despite the clear criteria for Pure Stocks 2023, there are challenges such as ongoing changes in company activities or funding sources, requiring regular monitoring of the lists. On the other hand, pure stocks offer significant opportunities for ethical investment and attract a broad base of investors seeking financial returns within a Sharia framework. With the development of the Saudi financial market and the increase in Sharia-compliant investment products, the appeal of this type of stock is expected to grow, especially with regulatory support for developing specialized indices and investment funds.

There is no fundamental difference in financial returns between pure stocks and conventional stocks in terms of pure performance, as this depends on company management, sector performance, and overall market conditions. However, pure stocks often attract longer-term investors, which can reduce sharp price volatility at times. The presence of Sharia oversight also increases transparency and trust in these companies. Nevertheless, it is important to analyze the financial indicators of each pure company individually and not rely solely on purity status when making investment decisions.

To stay updated on Pure Stocks 2023 news and updates, investors can review specialized financial forums, stock analysis websites, social media accounts of Sharia analysts such as Dr. Al-Osaimi, or subscribe to Saudi financial market newsletters. Regular seminars and workshops on Islamic investing are also held, and major list changes are published immediately on official websites. It is important to monitor company financial results and annual reports, as changes may occur that affect a company's status on the purity lists.