Arab world’s top-performing stock joins the US$10b club

NMC Health Plc closed at a record on Friday in London, boosting its market value to US$10.8 billion (RM42.1 billion). — Reuters pic
NMC Health Plc closed at a record on Friday in London, boosting its market value to US$10.8 billion (RM42.1 billion). — Reuters pic

DUBAI, April 22 — It has risen a whopping 1,650 per cent since it started trading six years ago, more than any other company based in the Arab world.

Abu Dhabi-based NMC Health Plc closed at a record on Friday in London, boosting its market value to US$10.8 billion (RM42.1 billion). That’s about US$200 million less than Emaar Properties PJSC, the developer of the world’s tallest tower in Dubai.

NMC Health is now one of 24 in the region with a market cap above US$10 billion.

The medical company started trading as part of the FTSE 100 Index from September last year, a steep climb for a stock that was listed in 2012. The health-care provider sold shares in an initial public offering at 210 pence each compared with 3,688 pence in London on April 20.



It still has a long way to go before unseating the unrivaled king of Middle Eastern stocks: Saudi Basic Industries Corp. — Bloomberg

Source: The Malay Mail Online





Leave a Reply

Your email address will not be published. Required fields are marked as *

Time limit is exhausted. Please reload CAPTCHA.