iPhone | iPad
Android
Huawei
Media reports had suggested the trip would begin as soon as Sunday and last two days
KT APPDOWNLOAD
Yahsat to be added to the FTSE UAE Small Cap Index
Yahsat’s inclusion in the FTSE UAE Small Cap Index will be effective on December 20, 2021 and follows on from the company’s recent inclusion in three MSCI indices
The move will further underpins Yahsat’s solid growth potential as well as robust financial and operational performance.
Al Yah Satellite Communications Company (Yahsat), on Sunday announced that it is to be added to the FTSE UAE Small Cap Index.
By virtue of being a constituent of the FTSE UAE Small Cap Index, Yahsat will also be added to the FTSE Global Small Cap Index, FTSE Global All Cap Index, FTSE Middle East & Africa Small Cap Index, FTSE Middle East & Africa All Cap Index among others.
Yahsat’s inclusion in the FTSE UAE Small Cap Index will be effective on December 20, 2021 and follows on from the company’s recent inclusion in three MSCI indices. The move will further underpins Yahsat’s solid growth potential as well as robust financial and operational performance.
Ali Al Hashemi, group chief executive officer at Yahsat, said: “We are pleased that Yahsat is to be added to the FTSE UAE Small Cap Index following its first rebalancing exercise since our IPO. It marks another important milestone in our commitment to deliver long-term value for our shareholders, while in parallel strengthening Abu Dhabi’s position as an attractive destination for investors.”
Last week, MSCI announced that it included Yahsat as a constituent of the MSCI Small Cap Indices, including the MSCI All Country World Index (ACWI) Small Cap Index, MSCI Emerging Markets Small Cap Index, and the MSCI UAE Small Cap Index.
FTSE index review changes may be subject to revision until close of business on 3 December 2021. However, any changes to those announced on 19 November 2021 will generally only be considered in exceptional circumstances.
— muzaffarrizvi@khaleejtimes.com
More news from
Visitors can enjoy movies with family favourites, including ‘The Jungle Book’, ‘Jumanji’ and ‘Zootopia’ to match the wild theme every evening from 8pm
Sheikh Mohamed conveyed his congratulations to all eight honourees, recognising their inspiring efforts and significant contributions in service to society
His father thanked everyone who participated in the search mission despite the challenges posed by flooding in various parts of the emirate
It will be humid by night and Sunday morning with a probability of mist formation over some coastal and internal areas
Nearly 6,000 volunteers linked to a single support group are working tirelessly across the country to help those affected
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents
The substantial increase in charges left many residents financially burdened, as they strive to retrieve their stranded vehicles
