Logo of Americana Restaurants International
Americana Restaurants International PLC was included in the MSCI UAE Index, the company said in a statement to Abu Dhabi Securities Exchange (ADX).
As a constituent of the MSCI UAE Index, Americana is now also a constituent of all regional and composite MSCI equity indices containing the UAE. These indices include the MSCI Emerging Markets Index, MSCI Emerging Markets Investable Market Index (IMI) and MSCI All Country World Index (ACWI).
Changes to MSCI EEMEA Index, of which the MSCI UAE Index is a core component, came into effect on June 1.
Inclusion in the index typically supports boosting the company’s and can help to attract more regional and global institutional and index-tracking investors, including those with a focus on Emerging Market equities, the largest out-of-home dining and quick service restaurant operator in MENA and Kazakhstan added.
The MSCI UAE Index is designed to measure the performance of large and mid-cap segments of the UAE equity market.
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