NMC Health 1st Mideast firm listed on FTSE 100

By Sheena Amos

ABU DHABI 5 September 2017: NMC Health has announced that it has been promoted to the UK’s leading FTSE 100 index.

The company has emerged as the first Middle Eastern company to be listed on the prestigious index, which is made up of the top 100 companies listed on the London Stock Exchange with the highest market capitalisation, indicating strong results and a solid performance as backed by the confidence of investors, said Wam.

NMC Health was promoted to the FTSE 100 on September 3, and during the last quarter, its shares have risen 22 per cent from 2,187p to September 3 closing figure of 2,670p, giving it a market capitalisation of Dh26 billion.

Commenting on the announcement, 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 perform at that level, standing among other leading international companies.”