Latest news with #FTSEGEIS
Zawya
28-05-2025
- Business
- Zawya
Lulu Retail to join FTSE Global Equity Index Series
Abu Dhabi: Lulu Retail Company has been selected for inclusion in the FTSE Global Equity Index Series (FTSE GEIS), following the latest review by FTSE Russell. The inclusion is expected to be from 23 June 2025 and is subject to any revisions by FTSE until 6 June, according to a press release. Lulu will be added to FTSE Mid Cap, FTSE All-World, FTSE All-Cap, and FTSE Total-Cap indices, key benchmarks for global institutional investors. This will boost the company's position and broaden engagement with international investors. Lulu's addition to the FTSE GEIS follows its initial public offering (IPO) in the fourth quarter (Q4) in 2024, which attracted strong demand from local, regional and international investors. Saifee Rupawala, CEO of Lulu, commented: 'Our inclusion in the FTSE Global Equity Index Series is a landmark achievement and underscores the strength of our retail model, operational scale, and the trust investors have placed in our vision.' Rupawala stated: 'It enhances our visibility on the global stage and opens new avenues for engagement with long-term international capital.' 'As we continue to grow, our priority remains driving operational excellence, deepening customer loyalty, and unlocking new opportunities across our markets,' he added. Last April, the Endowment and Minors Trust Foundation (Awqaf Dubai) partnered with Lulu Retail to establish new hypermarkets and supermarkets across Dubai.
Al Etihad
27-05-2025
- Business
- Al Etihad
Lulu Retail to join FTSE Global Equity Index Series
27 May 2025 14:04 A. SREENIVASA REDDY (ABU DHABI)Lulu Retail Holdings, the region's largest full-line retailer, has been selected for inclusion in the FTSE Global Equity Index Series (FTSE GEIS), a key global benchmark developed by FTSE Russell, a subsidiary of the London Stock Exchange inclusion will take effect from June 23, 2025, subject to final confirmation by June 6, a statement from the company move comes after Lulu's successful initial public offering (IPO) in Q4 2024, which attracted robust demand from local, regional, and international was listed on the Abu Dhabi Securities Exchange (ADX) at Dh2.04, and the stock is now trading at around Dh1.35. Despite the fall in price, the scrip enjoys high liquidity in the market cap stands at Dh13.94 billion, according to the latest ADX will be included in several prominent indices under the FTSE GEIS umbrella, namely the FTSE Mid Cap, FTSE All-World, FTSE All-Cap, and FTSE Total-Cap indices, the statement said. These indices are widely tracked by institutional investors globally and serve as essential tools for benchmarking equity performance and allocating FTSE Global Equity Index Series offers a comprehensive representation of global equity markets by covering companies across 49 developed and emerging markets. The indices are structured to include companies by market capitalisation tier—ranging from large-cap to micro-cap—and are reviewed quarterly to ensure they reflect current market conditions. Index constituents are determined based on factors such as market capitalisation, liquidity, and free in an FTSE GEIS index is often seen as a milestone for listed companies, as it enhances global visibility and can drive increased capital inflows from passive and active funds benchmarked to these on the announcement, Saifee Rupawala, CEO of Lulu Retail, said, "Our inclusion in the FTSE Global Equity Index Series is a landmark achievement and underscores the strength of our retail model, operational scale, and the trust investors have placed in our vision. It enhances our visibility on the global stage and opens new avenues for engagement with long-term international capital." Founded in 1974, Lulu Retail operates 255 stores across all six GCC countries, including hypermarkets, express stores, and mini-markets. The company also has a growing digital presence through mobile and online platforms. Source: Aletihad - Abu Dhabi
Zawya
04-04-2025
- Business
- Zawya
Response Plus Medical signs MoU with Falcon Aviation Services to build first-of-its-kind Air Ambulance capabilities in the UAE
Abu Dhabi: Response Plus Medical Services LLC (RPM), a subsidiary of Response Plus Holding PJSC – the largest pre-hospital care and emergency medical services provider in the region, has signed a Memorandum of Understanding (MoU) with Falcon Aviation Services LLC, a leading Emirati business aviation services operator in the Middle East and Africa. The MoU aims to develop the first-of-its-kind air ambulance capabilities in the UAE, enabling the transport of patients travelling abroad for critical care treatments and facilitating their repatriation to the UAE post-treatment. Falcon Aviation Services, renowned for its comprehensive range of operational and aviation support services, including aircraft charter and management, oil and gas aviation support, heli-tours, maintenance repair and overhaul, will collaborate with RPM to advance aviation medicine and medical repatriation services. The initiative aligns with the mission and vision of the UAE's healthcare regulatory bodies, aiming to enhance care for both, citizens and residents in the country. The partnership underscores the commitment of both organizations to innovate and elevate emergency medical services, ensuring seamless and efficient healthcare solutions for patients in critical need. The MoU was recently signed by Dr Rohil Raghavan, Chief Executive Officer of Response Plus Holding PJSC, and Capt. Ramandeep Oberoi, Chief Executive Officer of Falcon Aviation Services, in Abu Dhabi. Dr Rohil Raghavan, CEO of Response Plus Holding PJSC, said: 'As part of our commitment to supporting medical air evacuation solutions in the UAE and the region, RPM is proud to be collaborating with Falcon Aviation Services for building air ambulance capabilities in the UAE and reinforcing our strong partnership over the years. With Falcon Aviation Services, RPM aims to offer the most efficient and time-critical air ambulance services to its clients across markets in the region.' Capt. Ramandeep Oberoi, CEO of Falcon Aviation Services, said: 'Our longstanding collaboration with RPM has been instrumental in advancing air ambulance services in the UAE and across the region. This strategic MoU strengthens our commitment to providing seamless, efficient, and timely medical transportation. By leveraging Falcon Aviation Services' extensive expertise in air operations, we aim to deliver safe, reliable, and world-class air ambulance solutions that align with the UAE's healthcare vision.' RPM currently manages its Helicopter Emergency Medical Services (HEMS) with Falcon Aviation Services, which includes primary emergency response to remote and offshore locations in the Energy sector. About Response Plus Holding PJSC Response Plus Holding PJSC is the largest provider of onsite healthcare, medical emergency services and occupational health solutions in the UAE. RPM was listed as Response Plus Holding PJSC on the Abu Dhabi Securities Exchange in 2021 and is also currently listed on the FTSE GEIS as a global micro-cap company. Boasting the largest medical vehicle fleet in the region with over 350 ambulances, RPM has become a trusted name and a partner of choice in its field of operation. It has conducted more than 1.6 million training sessions for healthcare and non- healthcare professionals, performed over 10,000 helicopter medical emergency evacuations, and offers reliable medical support for major sporting events in the region and beyond. About Falcon Aviation Services Falcon Aviation Services is a premier aviation services company in the UAE. Since its founding in 2006 under the patronage of His Highness Sheikh Dr. Sultan bin Khalifa bin Zayed Al Nahyan, the company has built a strong reputation for delivering innovative, high-quality services to an esteemed clientele. Falcon Aviation Services provides a wide range of Operational and Aviation Support Services, which include Aircraft Charter & Management, Helicopter Sightseeing Tours, Oil and Gas Aviation Support, Maintenance Repair and Overhauling (MRO), Continuing Airworthiness Management (CAMO), Heliport Management and Inspection, among others. Falcon Aviation Services has firmly established itself as a leading operator in the UAE and the MENA region aviation industry for its commitment to quality, safety, and excellence.
