FTSE Russell has announced the results of its semi-annual review of indices in the UAE markets, revealing the inclusion of two companies from the region. ADNOC Gas has been added to the large-cap category within the global benchmark index.
Additionally, the company Presight has been incorporated into the mid-cap category of the global benchmark index, while Burjeel has been removed from the mid-cap list.
In Saudi Arabia, four companies have been added to the mid-cap category of the global benchmark index. These include Jabal Omar Development, Makkah Construction, Taiba Investments, and Masar.
As part of the semi-annual review of FTSE indices, the classification of Bupa Arabia has been downgraded from large-cap to mid-cap.
In Kuwait, Warba Bank has been upgraded from the small-cap category to mid-cap.
In Qatar, Investment Holding Company has joined the mid-cap category of the global benchmark index.
The FTSE series of global equity indices is recognized as one of the most comprehensive frameworks for equities worldwide, encompassing over 19,000 companies of varying sizes, including large, mid, small, and micro-cap stocks across 49 emerging and developed financial markets.