Dubai Financial Market roadshow in NY concludes

The DFM’s activity is keeping its growing pace and momentum with its general index up 40 per cent year-to-date and average daily trading value up 183 per cent to Dh1.65 billion

By (Wam)

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Published: Mon 20 Oct 2014, 1:47 PM

Last updated: Tue 7 Apr 2015, 10:43 PM

Dubai: The Dubai Financial Market International Investor Roadshow in New York, organised with co-sponsorship from Bank of America Merrill Lynch, concluded with over 228 one-on-one meetings held between fund managers, institutional investors and senior representatives from listed companies on the DFM and NasdaqDubai.

The event enabled chief executive officers, chief financial officers and investor relations managers of the listed companies to connect with representatives of major international investment funds and showcase success stories, achievements and most recent developments of their respective companies.

Essa Kazim, chairman of the DFM, said: “We are delighted to see this wonderful outcome of DFM International Investor Roadshow in New York achieving, as these roadshows constantly reaffirm the prominent position of DFM and its listed companies amongst the international institutions based on the strong and sustainable performance of the national economy, which has grown 4.2 per cent per year on average since 2010 and is expected to grow with a higher pace of 4.5 to five per cent over the next few years. This has left its positive implications on the superior performance of the listed companies as well as the upgrades and classifications of the UAE amongst the international emerging markets by leading index providers such as Morgan Stanley Capital International and S&P Dow Jones.”

“New York-based international investors have shown great interest to meet the representatives of Dubai-listed companies, hence, the roadshow has seen tremendous attendance of institutions and emerging markets funds which is increasingly attracted to our market particularly after it has been classified as emerging market. Two hundred twenty-eight one-on-one meetings took place with representatives of 38 leading investment funds which provide the clearest evidence on the success of this event and the funds’ enthusiasm to deepen their knowledge about our listed companies,” he added.

“The DFM will continue to provide listed companies with such unique opportunities to connect with leading institutional investors and showcase success stories, achievements and latest developments, which enable investors to identify investment opportunities on Dubai capital market and further support our efforts to attract international investors and diversify investor base of these companies.”

The DFM’s activity is keeping its growing pace and momentum with its general index up 40 per cent year-to-date and average daily trading value up 183 per cent to Dh1.65 billion, clearly indicating local and international investors’ demand and confidence in the market.

Listed companies’ representatives praised the outcome of this roadshow reaffirming its importance as an ideal platform to showcase growth strategies of their respective companies.



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