Emaar, Aldar, Union Properties and Arabtec likely to make MSCI cut | The National

Emaar, Aldar, Union Properties and Arabtec likely to make MSCI cut | The National:



"Four of the UAE’s construction and real estate companies are likely to be included in the MSCI Emerging Markets Index on May 14.



Emaar Properties, Aldar Properties, Union Properties and Arabtec Holding are likely to make the cut, according to a Deutsche Bank report.



Emaar, which has the largest market capitalisation of any company in the UAE, meets all the criteria for inclusion in the index. With a market cap of Dh70.38 billion, the company has a 49 per cent foreign ownership limit, is sufficiently liquid and is traded frequently."



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