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- Representatives of 14 DFM-listed companies to take part in conference
- Conference co-sponsored by Goldman Sachs, Morgan Stanley and Bank of New York Mellon
- Conference aimed at communicating investment prospects in DFM-listed companies
Dubai Financial Market (DFM) announced today that it will hold an international investor conference in November in New York City to attract additional foreign institutional investment into the DFM.
Following the success of the DFM’s international investor conference in London, DFM will host a similar event in New York from November 13-15, 2007. Many of the DFM’s most valued listed firms will participate in this historic event to introduce their companies to a high-level audience of specialised international fund managers.
Representatives of 14 DFM-listed companies will meet managers of international funds during the event. Only those DFM-listed companies that are most active and allow foreign share ownership will take part in the investor conference. Among the 14 companies are three regionally-based DFM-listed firms that will take part in the conference, which comes in line with DFM’s vision to encourage dual listings and ensure fair exposure and opportunities among all DFM-listed companies.
The international investor conference in New York, which is being co-sponsored by Goldman Sachs, Morgan Stanley and Bank of New York Mellon, reflects DFM’s desire to continue reaching out to the international investment community. A team from DFM has been closely working with the sponsors since June to ensure the success of the event.
Essa Kazim, Chairman of Dubai Financial Market, said: “This forward-looking initiative comes in line with DFM’s strategy to attract foreign investment into DFM and benefit our shareholders in particular and the national economy in general. The conference aims to build solid and strategic relations with top fund managers by explaining the investment prospects that DFM offers.”
Kazim pointed out that the conference marks DFM’s second phase of its ongoing investor programme to reach out international institutional investors. “This follows our great success in London, which met with a very strong response from fund managers interested in the investment prospects in DFM and its listed companies,” he said.
He noted: “Following the listing of DFM Company on the market, we have set a global target to consolidate the position of the bourse and enhance the corporate identity of DFM Company.”
He continued: “The announcement of this conference has met with an extremely strong response from institutional investors in New York. Already, more than 200 meetings between representatives of DFM-listed companies and fund managers will take place on the sidelines of the New York conference. This reflects the high level of interest of top fund managers regarding DFM’s initiatives and its attractive investment opportunities.”
“This strong participation will enhance the overall value and provide DFM-listed companies with a unique opportunity to showcase their achievements, strategy and value to potential investors,” he added.
Christopher Sturdy, executive vice president and head of The Bank of New York Mellon’s Depositary Receipt Division, said, "The Bank of New York Mellon is pleased to be co-sponsoring the 2007 Dubai Financial Market International Investor Conference. As the world’s leading depositary bank and corporate trust services provider, we believe this venue presents an ideal opportunity for Dubai-based companies from diverse sectors to connect with the U.S. financial community. This initiative exemplifies the bank's leadership role in bringing together international corporations and global investors, and highlights our strong commitment to the region."
The conference will feature a wide variety of leading DFM-listed companies spanning industries including Transportation, Construction, Financial Services, Real Estate, Telecoms and Power and Utilities. Among the participating companies are Agility, Air Arabia, Amlak Finance, Arabtec Holding, ARAMEX, Dubai Financial Market, Dubai Islamic Bank, Emaar Properties, Global Investment House, International Financial Advisors, Islamic Arab Insurance Company, SHUAA Capital, Tamweel Finance and Union Properties.
