Abu Dhabi's Waha Capital to join MSCI UAE, global small-cap indexes
MSCI has selected Waha Capital for its UAE small-cap, emerging markets small-cap, and ACWI small-cap Indexes
A trader walks past the quotation board at the Abu Dhabi stock market July 11, 2006. Image used for illustrative purpose.
By Staff Writer, Mubasher
Abu Dhabi – Waha Capital will join MSCI UAE and global small-cap indexes from 1 December 2021, including the company's profile among global institutional investors.
MSCI indexes are followed by passive funds and other investment vehicles, including mutual and exchange-traded funds (ETFs), and are used as benchmarks for their markets, according to a press release on Thursday.
MSCI has selected Waha Capital for its UAE small-cap, emerging markets small-cap, and ACWI small-cap Indexes.
The CEO of Waha Capital, Ahmed Khalifa Al Mehairi, said: "Importantly, this development is set in the context of increased liquidity and strong performance by the UAE’s capital markets this year, driven by new listings and the country’s well-managed recovery from the global pandemic."
It is noteworthy to mention that during the first nine months of 2021, the company's net profits attributable to the owners of Waha Capital jumped to AED 296.54 million, compared to AED 58.507 million in the year-ago period.
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