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ADNOC to join global ranks with FTSE Emerging Index inclusion

Sunday, 22 August 2021 10:04

By ARN News Staff

File Photo

ADNOC Distribution will be included in the FTSE Emerging Markets (EM) Index, from September 16.

The UAE fuel retailer was included in the FTSE EM Index after meeting the necessary requirements.

The widely tracked index is a go-to for global institutional investors.

Subject to final confirmation by FTSE on September 6, the inclusion is expected to increase the attractiveness of ADNOC Distribution’s shares to potential international investors and further diversify the company’s overall investor base.

Bader Saeed Al Lamki, CEO of ADNOC Distribution said: “Following the inclusion of ADNOC Distribution in the MSCI EM Index in May 2021, the FTSE EM Index marks another important milestone in ADNOC Distribution’s successful equity story.”

ADNOC operates 457 retail fuel stations and 340 convenience stores as of June 30.

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