Abu Dhabi’s IHC May Miss Out on Inflows Over Lack of Free Float
- Index inclusions could trigger up to $900m in passive flows
- Lack of free float could mean stock misses out on inclusions
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The second-largest listed company in the United Arab Emirates may miss out on inflows worth millions due to lack of clarity over its free float.
International Holding Co. is eligible for inclusion in the UAE standard Index, potentially triggering $900 million of passive inflows, CI Capital said on Monday. Earlier this year, Arqaam Capital said it sees a low probability of the company joining the MSCI and FTSE emerging markets benchmarks, which could trigger $670 million of flows.