As part of its endeavor to further attract international investments and strengthen links between listed companies and institutional investors, the Dubai Financial Market (DFM) will hold its International Investor Roadshow on Monday and Tuesday 10-11 June 2019 in New York in collaboration with HSBC. The Roadshow will run along with the Global Emerging Markets Investor Forum (GEMS), one of the largest investment forums organized by the Bank with the participation of more than 200 international institutions.
The DFM Roadshow will provide representatives of 9 companies listed on DFM and Nasdaq Dubai the opportunity to showcase their business developments and growth strategies, noting that international institutions are attracted to meet with this selection of issuers due to their increased commitment to embrace best practices of Investor Relations and Corporate Governance and their open door policy with the investing community in the UAE and globally.
His Excellency Essa Kazim, Chairman of DFM, will lead a delegation of 12 CEOs, CFOs and investor relations managers of participating companies including; Emaar Properties, Emaar Malls, Emaar Development, Aramex, Damac Properties, Dubai Islamic Bank, Emirates NBD, DP World, DFM Company.
Commenting on this, H.E. Essa Kazim said, “As the main linkage between listed companies and institutional investors, the DFM International Investors Roadshows are playing a significant role in attracting new investments and strengthening the relations between our issuers and the investing community. To reinforce this role, the DFM has launched numerous initiatives as part of its 2021 strategy that we are successfully implementing since 2017, in order to support issuers’ implementation of best practices of Investor Relations and Corporate Governance in line with the evolving expectations of their current and potential investor base. Our initiatives focused on improving the performance of IR practitioners as well as launching the Board Briefing sessions and the Board Secretaries Certification Program. These efforts are well-received by many listed companies and ultimately supported them in their efforts to reinforce investor confidence and attract new investors. During the first quarter of 2019, the DFM has attracted 654 new investors, including 64 institutions, lifting total number of DFM’s investor base to 843,778 investors.”
“Moreover, the foreign investors maintained their strong presence on the market with 53.3% share of trading value and net purchases of AED 680 million and their ownership reached 18.4% of the total Market Capitalization by the end of the quarter as thy recognize the lucrative investment opportunities available on the market supported by the solid and diversified economy, the world-class regulations and infrastructure of DFM as well as the innovative services we launched as part of the current strategic plan,” H.E. Essa Kazim added.
It is noteworthy that ownership of institutional investors has reached 83.4% of the Market Capitalization at the end of Q1- 2019 and their share of trading activity reached 53.2%.
Fahima Al Bastaki, Executive Vice President and Head of Business Development Division of DFM said, “The DFM listed companies are proactively responding to DFM’s numerous initiatives aimed at implementing best practices of Investor Relations and Corporate Governance and many of them have achieved huge success in this field. On the other hand, institutional investors’ interest surges for most committed companies to best practices of Investor Relations and Corporate Governance as well as applying the open door policy with current and potential investors through participation in the DFM Roadshows or international banks’ events. Undoubtedly, the continuous success of the Roadshows the DFM has been organizing since 2007 in a leading step amongst regional markets, is a clear indication on the success stories and quality of investment opportunities provided by many of our listed companies and we are looking to see this encouraging trend gaining further momentum in the future.”