NMC Health, first Middle East firm to be listed on FTSE 100 Company to list with a market cap of AED 26bn
NMC Health, the largest private healthcare provider in the United Arab Emirates, has just been promoted to the UK’s leading FTSE 100 index. The company has emerged as the first Middle Eastern company to be listed on such index, which lists the top 100 companies listed on the London Stock Exchange with the highest market capitalization, indicating strong results and a solid performance as backed by the confidence of investors.
NMC Health was promoted to the FTSE 100 yesterday while during the last quarter its shares have risen 22 percent from 2,187p to yesterday’s close of 2,670p, giving it a market cap of £5.5bn (26 billion UAE Dirham)
Commenting on the development, Saeed M Bin Butti Al-Qubaisi, the largest shareholder in NMC Health, said: “Being among the FTSE 100 index solidifies NMC’s standards, demonstrating the overall performance and strengthening the firm’s reputation as an esteemed blue-chip company in the region. I am particularly pleased to see NMC Health, a prestigious and recognized brand, perform at that level, standing among other leading international companies.”
“We take great pride in this positioning as it signifies NMC Health is rightfully recognized as a leader in the healthcare industry, and of added value to customers, businesses, communities, and most importantly, investors,” he added.