Abu Dhabi’s Burjeel Holdings, a leading super-specialty healthcare services provider in MENA listed on the Abu Dhabi Securities Exchange, recently announced its inaugural inclusion in the FTSE Global Equity Index Series – Middle East & Africa based on the latest semi-annual review.
The group said that the changes will take effect after markets close on September 20. In addition, the new composition will be reflected in the index starting September 23 when markets reopen.
Regional expansion
Founded in 2007, Burjeel Holdings is a healthcare services provider in the UAE and Oman. The group also operates a growing specialized healthcare segment in Saudi Arabia. The group’s network includes 89 assets across the UAE, Oman and Saudi Arabia. This includes 19 hospitals, 47 medical centers, 15 pharmacies and other services.
Burjeel Holdings has joined FTSE Russell’s FTSE Global Equity Index Series, including the FTSE Mid Cap index, the FTSE All-Cap index, the FTSE All-World index, and the FTSE Total-Cap index.
The FTSE Global Equity Index Series provides a robust global equity index framework with the versatility to tailor to investment views. The series includes over 19,000 large, mid-, small-, and micro-cap securities across 49 markets globally. In addition, it encompasses a wide range of modular indices available to target specific markets and market segments
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Greater access to global institutional investors
Burjeel Holdings’s addition to the FTSE Global Equity Index Series underscores its significance as a key player in the UAE capital markets. In addition, inclusion in these indices boosts investor confidence and enhances visibility among global institutional investors, reflecting the importance of the healthcare and education sectors.
Notably, the group delivered revenue growth of 11.1 percent to AED1.2 billion during the first quarter of 2024. Meanwhile, its net profit rose to AED141 million in light of greater operational efficiency and lower finance costs.
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