NMC Health, the largest private healthcare provider in the United Arab Emirates, has just been promoted to the UK’s leading FTSE 100 index.
NMC Health’s inclusion in the FTSE 100, which consists of the top 100 companies listed on the London Stock Exchange with the highest market capitalization, indicates strong results and a solid performance as backed by the confidence of investors.
NMC Health shares have risen 22% over the last quarter, giving it a market cap of £5.5 billion, or about AED 26 billion.
Commenting on this development, H.E. Saeed M Bin Butti Al Qubaisi, the largest shareholder in NMC Health (profile), said: “Being among the FTSE 100 index demonstrates the firm’s reputation as an esteemed blue-chip company. I am particularly pleased to see our recognized brand perform at that level, standing all among other leading international companies.”
“We take great pride in this positioning as it signifies the company is rightfully recognized as a leader in the healthcare industry, and of added value to customers, businesses, communities, and most importantly, investors,” he added.