This event is part of DFM’s continued and proactive efforts to put its listed companies on the radar of larger and more diversified international institutions.
In 2007, DFM pioneered the idea amongst regional exchanges when it started organizing global conferences for investors in New York and London.
This year’s event has gained more significance after MSCI’s decision to classify the UAE as an Emerging Market, which reflects the growing popularity of the local equity market amongst international investment institutions. This is a testimony to the local market’s attractive investment opportunities and the high and sustainable growth rates of the national economy.
The DFM International Investor Roadshow has been widely welcomed by many listed companies. The ten leading companies taking part in the roadshow are Emaar Properties, Emirates NBD, Dubai Islamic Bank, DP World, Shuaa Capital, Dubai Investment Company, Air Arabia, Arabtec, Drake and Scull and DFM Company. Essa Kazim, Managing Director and CEO of DFM, will lead a high level delegation of twenty CEOs, CFOs and investor relations managers of the ten leading companies. This DFM delegation will update institutional investors on the recent successes and prospects of their respective companies. Each of the ten companies will hold several one-on-one and small group meetings for targeted discussions on investing in the region.
Essa Kazim, Managing Director and CEO of DFM, said: “DFM provides investors with diversified investment opportunities through its listed companies. They represent a variety of sectors and thrive through a high growth and sustainable economic environment.
In light of the UAE’s MSCI emerging market status, international investors and emerging market funds have shown great interest in meeting DFM listed companies. This MSCI recognition is certainly the highlight of this year’s event as it has attracted a diverse range of investors compared to previous roadshows, which were mostly attended by hedge fund managers. This increasing interest of a wider investor audience will further strengthen DFM’s position globally. In fact, the growing presence of international investors in general and institutions in particular will further fortify our market’s position globally. Currently, foreign investors represent over a third of the trading value at DFM and they were net buyers of as much as Dhs1bn of shares during the first half of this year. Trading value has jumped 82% to Dhs59bn during the same period,” Mr. Kazim added.
Talal Ghandour, MENA Head of Equities at Bank of America Merrill Lynch, said:“We are honoured to have the opportunity of hosting this event in partnership with the Dubai Financial Market (DFM). This event will showcase several of the DFM’s listed companies to some of the largest investors in Frontier and Global Emerging Markets. The two day event will allow each company to present their respective businesses, as well as providing critical insights into the investment case of Dubai and the UAE. Bank of America Merrill Lynch was recently awarded the MENA region’s leading equity research house by Institutional Investor. Our number one ranking for 2013 underscores the strength of our market position. This event further demonstrates Bank of America Merrill Lynch’s commitment to the DFM, the UAE, and MENA capital markets.”
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