ADX-listed Waha Capital joins MSCI UAE & Global Small Cap indexes

By Arya M Nair, Intern Reporter
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Waha Capital
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Waha Capital, an Abu Dhabi-listed investment management company, has been selected by Morgan Stanley Capital International (MSCI), one of the world’s leading index providers, for inclusion in its key UAE and Global Small Cap indexes.

The inclusion raises Waha Capital’s portfolio amongst global institutional investors. MSCI indexes are closely replicated by passive funds and other investment vehicles, such as mutual and exchange-traded funds (ETFs), and are widely used as benchmarks for their respective markets.

In addition to the MSCI All Country World Index (ACWI) Small Cap Index, which is the flagship Global Small Cap equity index comprising both developed and emerging market countries, Waha Capital will be included in the MSCI UAE Small Cap Index as well as the MSCI Emerging Markets Small Cap Index from 1st December 2021. These capitalization-weighted indexes are composed using a methodology that emphasizes liquidity, investability and replicability.

Ahmed Khalifa Al Mehairi
Ahmed Khalifa Al Mehairi
CEO – Waha Capital

“The inclusion in these MSCI indexes further elevates Waha Capital’s profile with international investors. Importantly, this development is set in the context of increased liquidity and a strong performance by the UAE’s capital markets this year, driven by new listings and the country’s well-managed recovery from the global pandemic. As the company forges ahead with a new phase of growth, we are focused on enhancing investor engagement, in line with our long-standing commitment to best practice in transparency and governance.”

Waha Capital operates two core businesses, Public Markets, which offers sophisticated investors actively managed emerging markets credit and equities funds, and Private Investments, which pursues a multi-asset investment approach, with the flexibility to deploy capital directly across diverse sectors and geographies.

With over $1 billion of assets under management in its emerging markets focused on equity and credit funds, Waha Capital’s Public Market business was recognized as one of the leading asset managers in the region this year by Forbes Middle East. The company’s flagship Waha MENA Equity Fund has also been ranked as one of the world’s top 50 hedge funds by the Global Investment Report.

Related: Mubadala-owned Yahsat to join MSCI’s Small Cap Indexes