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- Representatives of 10 Dubai Financial Market (DFM) and NASDAQ Dubai listed companies held over 100 one-on-one meetings with 34 US based investors
- Essa Kazim: International institutions are increasingly recognizing the value and diversity of the investment opportunities provided by the DFM
- Ahmad Al Matrooshi: The event offered a strong platform to showcase the exceptional credentials of Emaar to a wide audience of investors
- Mohammed Sharaf: The roadshow provided an opportunity to engage with global investors and demonstrate how far the UAE, Dubai and DP World have developed
- Adel Ali: This flagship event enables us to communicate our success story on a truly international platform
- Hasan Ismaik: Engaging with the international shareholders is an important part of our investor relations strategy
- Adnan Chilwan: We are committed to working closely with DFM to spread the success story of Dubai
- Talal Ghandour: The event’s success is a testimony to the increasing global investor interest in the UAE’s capital markets
The Dubai Financial Market (DFM) International Investor Roadshow organized in collaboration with Bank of America Merrill Lynch in New York, successfully concluded on Wednesday, September 25, 2013. During the two day event, over 100 one-on-one meetings were held between fund managers, institutional investors and senior representatives from 10 listed companies on the DFM and NASDAQ Dubai.
The roadshow was part of the DFM’s continuing efforts to put its listed companies on the radar of a larger and more diversified group of international institutions. In 2007, the DFM took the lead among regional exchanges, by organizing events targeting international investors in New York and London.
This latest initiative, which began on September 24, 2013, was designed to facilitate numerous one-to-one meetings between representatives of companies listed on the DFM and NASDAQ Dubai, and fund managers and institutional investors. The event provided a platform for the companies to showcase their growth opportunities and future development strategies.
Commenting on the outcome of the event, Essa Kazim, Managing Director and CEO of DFM, said: “We are extremely delighted with the outcome of this roadshow as we have seen a tremendous turnout of institutional investors and fund managers, which reflects the high level of interest from the New York-based investors and is a clear testament to the success of this event. DFM will continue to provide listed companies with unique opportunities to interact with major international institutions and showcase their success stories, achievements and latest developments. This interaction enables international investors to identify opportunities available on the market and ultimately reinforces our efforts to further attract international investors and diversify the investor base of listed companies.”
“International institutions are increasingly recognizing the quality and diversification of investment opportunities provided by DFM listed companies which represent a variety of growing sectors and thrive through a high growth and sustainable economic environment creating a favourable and attractive environment for local, regional and international investors. This recognition has been further enhanced by the MSCI’s decision in June 2013 to classify the UAE as emerging market. The roadshow has attracted a diverse range of investors and Emerging Markets funds in particular as part of their preparations to target our market.” Kazim added.
DFM and NASDAQ Dubai-listed companies’ representatives praised the outcome of this initiative reaffirming its importance as an ideal platform to showcase growth strategies of their respective companies.
Ahmad Al Matrooshi, Managing Director, Emaar Properties, said: “The Dubai Financial Market International Investor Roadshow serves as a strong platform for Emaar Properties, one of the first listed companies in DFM and the developer of iconic projects including Burj Khalifa and The Dubai Mall, to underline our strong credentials to a wider audience of foreign institutional and retail investors. The positive dynamics of DFM has played a significant role in driving international investor interest in Dubai’s flagship listed companies such as Emaar. The roadshow will further highlight the positive performance of DFM-listed companies and their commitment to creating long-term value for stakeholders.”
Mohammed Sharaf, Group Chief Executive Officer, DP World: “World trade lies at the heart of our business and the opportunity to engage with the global financial community on a roadshow of this kind provides a valuable platform in our ongoing efforts to reach out to investors and shareholders. By joining hands with our partners and colleagues under the umbrella of the DFM, we are collectively demonstrating how far and how fast the UAE, Dubai and DP World have come, as well as our determination to build a better tomorrow for future generations.”
Adel Ali, Group CEO, Air Arabia: “Such roadshows provide a unique platform for UAE-based companies to reach out to foreign investors and diversified global institutions. We believe that our participation at this flagship event will enable us to communicate our success story on a truly international platform, and together with DFM, to highlight the UAE's unique investment opportunities that our organizations present”.
Hasan Abdulla Ismaik, Managing Director and CEO of Arabtec Holding PJSC said: “As the largest publicly listed construction company on the DFM, we are very proud to be part of the delegation to New York to promote Arabtec and the DFM to the international investment community. Engaging with the international shareholders is an important part of our investor relations strategy. The spotlight is firmly on DFM listed companies at the moment as international investors look to the UAE for strong investment returns. After all these years, DFM has emerged as a robust and promising market standing at the lead of the Arab World and on a firm track to gain world-class status, thanks to its solid legislations and investor-friendly procedures. We are indeed proud of Dubai’s success story and encouragement of investments from all parts of the world. DFM has a bright future indeed. It will become one of the world’s best, competing with New York and Singapore, taking advantage of Dubai’s superb economic setup and its conducive investment environment.”
Adnan Chilwan, Chief executive, Dubai Islamic Bank said: “UAE Markets have been amongst the top performers over the last year or so. With the improved economic outlook, strong recovery in real estate and the continuous growth across all key segments the international investors are once again focusing on the attractive proposition that Dubai and the UAE represent. Being very much a part of the global economy, it is imperative that we ensure strong transparency along with quality disclosure, thereby allowing all stakeholders to make accurate and informed decisions with regards to our performance. Hence, at DIB, we are refocusing our efforts to engage the investors, analysts and financial media with the aim to build trust and confidence in the institution and its management. With the MSCI upgrade due next year, more investors are eyeing Dubai as a lucrative opportunity with attractive valuations. Given this scenario, we are committed to working closely with DFM to spread the success story of Dubai in general and DIB in particular, across the investor community with a view to enhance coverage, ensure comprehensive disclosure and transparency and attract quality institutional investors from across the globe.
Talal Ghandour, MENA Head of Equities at Bank of America Merrill Lynch said: “The event was a huge success. We had senior representatives from both the corporates and our institutional clients, allowing for extremely high quality meetings. The capital markets in Dubai continue to strive forward and these events serve as a great means for corporates and clients to communicate and discuss the investment opportunities available. It was a pleasure to co-host this event with the Dubai Financial Market (DFM) and to showcase these 10 DFM and NASDAQ Dubai listed entities. We look forward to working with them on similar events in the future."
The listed companies taking part in the roadshow were: Emaar Properties, Emirates NBD, Dubai Islamic Bank, DP World, Shuaa Capital, Dubai Investment Company, Air Arabia, Arabtec, Drake and Scull and DFM Company.
