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Abu Dhabi Securities Market (ADSM) organized over the past two days, the first presentation to investors in a series of road shows that highlight investment opportunities for international institutions in ADSM in particular and Abu Dhabi in general among British companies, investors and finance houses in the UK which was attended by representatives of the 100 major largest companies, experts and financial analysts, investment funds, pension funds as well as Portfolio Managers of major companies in UK.
Mr. Rashed Al Baloushi, Acting Director General of ADSM, said: “The organization of this presentation in London, comes following to ADSM board of directors recognition of the importance of strengthening partnership with listed companies, and to support them in growth as well as meeting challenges in order to attract more foreign investor, foreign investment funds as well as foreign portfolios’ Managers to invest in ADSM and take advantage of available opportunities.
ADSM delegation who organized this road shows comprised of representatives of major listed companies in the market like Aabar Petroleum Investment Co, Al Dar Properties, Dana Gas, National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Abu Dhabi National Energy Company, Oasis Internal Leasing Co, and RAK Properties, Sorouh Real-estate, and Emirates Foodstuff & Mineral Water (Agthia). Mr. Al Baloushi presented to the representatives of British companies a detailed explanation about ADSM activities and achievements as well as its legal rules and regulation applied, which is one of the best globally.
In addition, he gave a brief about ADSM future plans and its continuous pursue to be the best market in the region and to lead the process of capital market development in UAE. He also presented to the participants the investment opportunities and projects expected to be implemented in the next five years with an estimated value of hundreds of billions of which these projects will provide investment opportunities for British companies, Investment funds, and Pensions.
It will also contribute in attracting foreign direct and indirect investment in a way that support activities of financial markets in UAE. During the road shows, there were 200 meetings in a series of joint meetings between representatives of ADSM listed companies with representatives of the 100 largest British companies and a number of financial analysts, representatives of British investment funds, where they presented an analytical presentation of their data and corporate and future plans as well as investment opportunities available in these companies.
The questions and inquiries of representatives of financial companies and British investment focused on the expectations of growth and increase in number of listed companies and the sizes of the IPO expected during the coming period. They highlighted on the importance of disclosure of information and decision-makers in these companies for the research and facilities provided in this regard along with ADSM support as well as the relevant parties in the financial markets in UAE. Most of the financial and investment companies, Pension funds in UK expressed their desire to invest in ADSM and take advantage of investment opportunities.
The ADSM delegation welcomed the intention of British companies to invest in the market assuring their support and readiness to provide all possible facilities to ensure the success of these investments, as well the necessary support to guarantee the continuation and growth in order to achieve the desired results. The road shows were attended by intense media representatives and British newspapers agencies, which have devoted large areas to cover this event and highlighting ADSM financial opportunities offered to foreign investors.
The road shows come following the recent signing of several memorandum of understanding with global exchanges, including Hong Kong and Singapore, and the cross-listing agreement with the Lahore Stock Exchange, which will enable around ten Pakistani companies to list in ADSM during the current year. Statistics show increasing of institutional foreign investments entered in Abu Dhabi securities market during the past which lifted net foreign position to about 2.5 billion dirham during the first few months of year 2007.
