Dubai – MENA Herald: Dubai Financial Market (DFM) will hold its International Investor Roadshow on Monday and Tuesday 17 – 18 October 2016 in New York with co-sponsorship from Bank of America Merrill Lynch (BofAML). The roadshow enables 13 companies listed on DFM and Nasdaq Dubai to update international fund managers about growth strategies and recent developments through one-on-one meetings.
Commenting on this, His Excellency Essa Kazim, Chairman of DFM Company, said, “The roadshow has risen to the top of listed companies’ agenda of events in order to showcase their growth strategies to international institutions. This commitment from our listed companies is coupled with similar interest from international investors who usually hold tens of meetings with senior representatives of the listed companies, which provides a clear indication on the growing popularity of DFM as the most attractive and open exchange for foreign investors. Additionally, the DFM represents the main gateway for investors looking to participate in the significant success story of Dubai’s economy that maintains high levels of growth over the past years. The economy is expected to grow at a higher pace compared to the regional economies and the International Monetary Fund expects GDP to grow 3.7% this year.”
“Our continuous efforts to strengthen links with international institutions has significantly attracted foreign investments since the launch of our International Investor Roadshows in 2007. We look forward to boosting this presence in future as a result of the joint efforts of DFM and listed companies, which are increasingly inclined to deepen relations with investors as well as being significantly committed to embrace best practices of investor relations, transparency and corporate governance,” H. E. Essa Kazim added.
“Moreover, our constant efforts to further enhance the market infrastructure and regulations according to international best practices have been widely welcomed by various categories of investors. Over the past few months, DFM has implemented numerous development plans such as: the launch of the “Direct Deals Service”, the expansion of Rights Issues’ trading and the listing of Exchange-Traded Funds (ETF) for the first time. All these initiatives reinforce DFM’s strategy of innovation and diversification and provide more diversification in investment opportunities in line with international investors’ expectations,” H. E. Essa Kazim concluded.
Strong presence of foreign investment
It is noteworthy that foreign investors maintain a strong presence on DFM, which strongly indicates their confidence in the quality and diversification of its investment opportunities and its ability to sustain growth. Foreign investors’ share of DFM trading value has reached 46.6% year-to-date, with net in-flow of AED 917 million compared to AED 614 million during the same period of 2015. Their ownership of the market capitalisation has increased to 22.2%, equivalent to AED 74.3 billion compared to 16.8% or AED 54.3 billion during the same period of 2015.
Roadshow assembles 24 senior officials
The event will see the participation of 24 high-level representatives including; CEOs, CFOs and investor relations managers of listed companies and will be led by His Excellency Essa Kazim, Chairman of DFM. Companies participating include; Air Arabia, Arabtec Holding, Aramex, Damac Properties, DP World, DFM Company, Dubai Islamic Bank, Emaar Properties, Emirates REIT, Tabreed, Amlak Finance, Dubai Investment Company and DXB Entertainments.