Multiply Group, a technology-focused holding company based in Abu Dhabi, has been added to the FTSE Global Equity Index Series (FTSE GEIS) Mid Cap Index in its June quarterly review.
The inclusion will come into effect on Monday 20 June 2022.
FTSE GEIS is part of the FTSE Russell, a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. It also provides a robust global equity index framework and includes over 16,000 large, mid, small and micro-cap securities across 48 developed and emerging markets globally, with a wide range of modular indexes available to target specific markets and market segments.
“Joining the FTSE Global Equity Index Series within six months from the listing on the ADX marks an important milestone for us,” Samia Bouazza, CEO and Managing Director at Multiply Group, said: “The inclusion highlights our business performance and positive engagement with the investor community. It will further boost our visibility, add to shareholder diversity and enhance Abu Dhabi Securities Exchange’s position as one of the top markets globally.”
The last 12 months has seen the Group make investments of AED 367 million ($100m) and AED 183.75 million ($50m) in DEWA and Borouge as cornerstone investors in their respective IPO, alongside digital and ecommerce platforms including U.S. vehicle-focused digital media platform Firefly, global visual content firm Getty Images, Rihanna’s direct-to-consumer e-commerce fashion firm Savage X Fenty.
Other major investments also comprise PAL Cooling Holding, Emirates Driving Company, and Viola Communications.
Multiply recently posted its Q1 2022 financial results, achieving a net profit of AED 334.9 million.