Phoenix Group PLC, the region’s first listed blockchain and tech conglomerate, has been added to the FTSE ADX General (FADGI) and FTSE ADX 15 (FADX15). This development was announced as part of the semi-annual review of the FTSE ADX Index, effective March 18, 2024.
Industry sources added that this inclusion of Phoenix Group in the FTSE ADX Indices is poised to boost the firm’s visibility among investors and stakeholders, further boosting its foothold in the market. This initiative is also poised to create positive momentum for Phoenix Group PLC, attracting significant passive funds. This milestone focuses on Phoenix Group’s steadfast commitment to generating enduring value for its shareholders and highlights its potential for sustained growth.
Phoenix Group’s inclusion in the FTSE ADX Indices displays its continual growth and stability. This acknowledgment results from the firm’s robust financial performance and ability to meet the stringent criteria set by the FTSE ADX Indices.
Pleased to share that Phoenix Group has been included in an index fund, Mr. Seyed Mohammad Alizadehfard (Bijan), Co-founder & Group CEO, stated, “This is a significant development as it will attract passive investments and increase trading volumes. We are proud to be included in the ADX FTSE Indices, which reflects our commitment to upholding strong financial fundamentals and delivering value to our stakeholders.”
The group recently began trading on the Abu Dhabi Securities Exchange (ADX) following a USD$370 million capital raise during our initial public offering that was 33 times oversubscribed.
