NMC Health, the largest private healthcare provider in the UAE, has just been promoted to the UK's leading FTSE 100 index.

The company has emerged as the first Middle Eastern company to be listed on such an index, which lists the top 100 companies listed on the London Stock Exchange with the highest market capitalisation, indicating strong results and a solid performance as backed by the confidence of investors. As it was promoted, NMC Health's shares during the last quarter have risen 22 per cent from 2,187 pence to Saturday's close of 2,670 pence, giving it a market cap of £5.5 billion (Dh26 billion).

Saeed M. bin Butti Al Qubaisi, the largest shareholder in NMC Health, said: "Being among the FTSE 100 index solidifies NMC's standards, demonstrating the overall performance and strengthening the firm's reputation as an esteemed blue-chip company in the region."

Source: Khaleej Times