PHOTO
Abu Dhabi’s Al Yah Satellite Communications Company (Yahsat) said on Sunday that MSCI Inc, a leading provider of research-based indexes and analytics, has included it in its global indices.
Yahsat has been included 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 after fulfilling the necessary listing requirements.
Yahsat’s inclusion will be effective on December 1, 2021.
The company began trading on the Abu Dhabi Securities Exchange (ADX) in July following its initial public offering (IPO).
It recently announced a profit of $13.2 million for the third quarter of 2021, down by 37.8 percent from $21.2 million in the same period in 2020.
(Writing by Brinda Darasha; editing by Seban Scaria)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2021
