Abu dhabi: ADNOC Gas plc and its subsidiaries announced that its shares have been selected for inclusion in the FTSE Emerging Index, part of the FTSE Russell Global Equity Index Series (GEIS), with inclusion effective when markets open on September 22.
According to Bahrain News Agency, ADNOC Gas believes this milestone will enhance its visibility among global institutional investors, broaden its shareholder base, and support liquidity on the Abu Dhabi Securities Exchange (ADX). Market analysts estimate that inclusion may result in up to $250 million in incremental investment, according to the Emirates News Agency (WAM).
The FTSE Emerging Index is widely tracked by international investors and measures the performance of large and mid-cap companies across advanced and secondary emerging markets within the FTSE GEIS.
With greater exposure to institutional investors, ADNOC Gas expects increased liquidity, deeper market penetration, and enhanced stock visibility, further solidifying its position as a leading energy player in the global market.