HomeMarketsFTSE Global Equity Index Series welcomes Abu Dhabi’s Multiply Group
By Economy Middle East
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June 6, 2022 10:50 am

FTSE Global Equity Index Series welcomes Abu Dhabi’s Multiply Group

The inclusion comes into effect on Monday 20 June 2022
FTSE
Abu Dhabi Securities Exchange

In its June quarterly review, the FTSE Global Equity Index Series Mid Cap Index welcomed Abu Dhabi-based technology-focused holding company Multiply Group. The inclusion comes into effect on Monday 20 June 2022. 

FTSE GEIS is part of the FTSE Russell, a global index leader that provides innovative benchmarking, analytics, and data solutions for investors worldwide. The FTSE GEIS provides a robust global equity index framework and includes over 16,000 large, mid,

small, and micro-cap securities across 48 developed and emerging markets globally, with a wide range of modular indexes available to target specific markets and market segments.

Samia Bouazza, CEO and Managing Director at Multiply Group, said: “The inclusion boosts our visibility, adds to shareholder diversity, and enhances Abu Dhabi Securities Exchange’s position as one of the top markets globally.”

In March of this year, Multiply Group was added to the newly designed FTSE ADX 15 (FADX15) – the first index co-developed under the ADX partnership that brings FTSE Russell’s world-class index expertise to the GCC. The FADX15 is a sub-index of the FTSE ADX General Index and represents the top 15 companies on the Main Board of the ADX, selected by a combination of free float-adjusted market capitalization and median daily trading value. 

The last 12 months have seen the Group make investments of 367 million dirhams ($100m) and 183.75 million dirhams ($50 million) in DEWA and Borouge as cornerstone investors in their respective IPO. 

Multiply recently posted its Q1 2022 financial results, achieving a net profit of 334.9 million dirhams.