Borouge, the joint venture between Adnoc and Austrian chemicals producer Borealis, has been added to the FTSE Global Equity Index Series after its listing on the Abu Dhabi Securities Exchange earlier this month.
The inclusion by FTSE Russell in the FTSE Emerging Index, the FTSE Global Large Cap Index and the FTSE All-World Index came into effect on June 10, the company said on Monday.
"Joining these key indices marks a major recognition of Borouge and underlines the company’s relevance to the global institutional investor base that participated in its recent initial public offering," Borouge said.
The inclusion comes after Borouge made its debut on the ADX on June 3, when it successfully closed its $2 billion listing. The IPO, which was about 42 times oversubscribed, was the largest in Abu Dhabi since Adnoc Drilling’s $1.1bn offering.
Inclusion into the FTSE Global Equity Index Series indicates a company's strength and could push Borouge's stock price higher.
The FTSE Global Equity Index Series is a part of the FTSE Russell and provides benchmarking, analytics and data solutions to investors globally.
The FTSE Global Equity Index Series is a global equity index framework that includes more than 16,000 large, mid, small and micro-cap securities across 48 developed and emerging markets.
It has a wide range of indexes available for investors, allowing them to focus on specific markets and market segments.
Established in 1998, Borouge is one of the world’s biggest providers of polyolefin for the infrastructure, energy, agriculture, mobility, healthcare and advanced packaging industries.
The company employs more than 3,100 people and serves customers in more than 50 countries across Asia, the Middle East and Africa.
Last week, Abu Dhabi's Multiply Group, a technology-focused investment holding company, was added to the FTSE Global Equity Index Series' Mid Cap Index.
GREATEST ROYAL RUMBLE CARD
The line-up as it stands for the Greatest Royal Rumble in Saudi Arabia on April 27
50-man Royal Rumble
Universal Championship
Brock Lesnar (champion) v Roman Reigns
Casket match
The Undertaker v Rusev
Intercontinental Championship
Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
SmackDown Tag Team Championship
The Bludgeon Brothers v The Usos
Raw Tag Team Championship
Sheamus and Cesaro v Bray Wyatt and Matt Hardy
United States Championship
Jeff Hardy (champion) v Jinder Mahal
Singles match
Triple H v John Cena
To be confirmed
AJ Styles will defend his WWE World Heavyweight title and Cedric Alexander his Cruiserweight Championship, but matches have yet to be announced
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
RESULTS
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'Gold'
Director:Anthony Hayes
Stars:Zaf Efron, Anthony Hayes
Rating:3/5
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
More on animal trafficking
How to report a beggar
Abu Dhabi – Call 999 or 8002626 (Aman Service)
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