Abu Dhabi's NMC Health gains 1,650% in six years, stock hits record high

It has risen a whopping 1,650 per cent since it started trading six years ago, more than any other company based in the Arab world.

Abu Dhabi-based NMC Health Plc closed at a record on Friday in London, boosting its market value to $10.8 billion. That’s about $200 million less than Emaar Properties PJSC, the developer of the world’s tallest tower in Dubai.

NMC Health is now one of 24 equities in the region with a market cap above $10 billion. Moody’s Investors Service on Monday assigned the company a first-time rating of Ba1, the highest non-investment grade, with a stable outlook.

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