UAE’s NMC Health Inflates Market Value to $10.8bn

Abu Dhabi-based medical company NMC Health Plc raises its market value to $10.8 billion on Friday in London, which is only $200 million short of Emaar Properties PJSC, the developer of the Burj Khalifa, world’s tallest tower in Dubai.

With 24 equities in the region with a market cap above $10 billion, NMC Health has massively grown by 1,650 percent since it began trading six years ago. Its significant inflation is reportedly more than any other Arab-based company.

Furthermore, NMC Health is the first company from Abu Dhabi to join the London Stock Exchange and is now part of the premium FTSE 100 Index, an elite club of top 100 blue-chip companies by market cap.

NMC Health Plc is an international company founded in 1975 in London, United Kingdom. It provides healthcare services in the United Arab Emirates, Spain, and all throughout the world. It operates through two business, namely NMC Healthcare, the largest private healthcare company in the UAE, and NMC Trading. Currently, it owns and manages approximately 135 healthcare facilities, including hospitals, medical centers, long term facilities, day surgery centers, fertility centers, and home health services providers. It also distributes pharmaceutical products, medical equipment, medical consumables and devices, education and office supplies, veterinary products, cosmetics, IT products, and rehab supplies, as well as consumer products, including personal care, food and beverages, household care, and home improvement products.

The medical company still has a long way to go before replacing the unparalleled front-runner of Middle Eastern stocks, the Saudi Basic Industries Corp.