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Damac enters Morgan Stanley UAE Index

DUBAI, May 18, 2017

Damac Properties, a leading UAE developer, has announced that it wil be entering the Morgan Stanley Capital International (MSCI)  starting from June 1.

The MSCI is a global index which measures the performance of large and mid-cap segments of the emerging markets including the UAE.

MSCI UAE Index now consists of 10 listed companies across a range of sectors including real estate, financial, industrial and telecommunications. 

Amr Aboushaban, the head of investor relations, Damac Properties said: "Our inclusion in the MSCI is testament to the confidence that institutional investors have in the strength of our company, backed by robust fundamentals and track record, and its leading position in the regional real estate sector."

"We are indeed proud of this achievement as it clearly exemplifies our solid financials and high growth potential and further supports our positioning as a high-yielding stock," stated Aboushaban.

"This provides the opportunity for us to be accessible to a wider range of global investors and enhances our efforts to diversify our shareholder base, while improving overall our stock liquidity and unlocking value," he added.-TradeArabia News Service

Tags: Damac | Morgan Stanley |

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