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Tue 21 May 2019 04:47 PM

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Dubai bourse to hold international investor roadshow in New York

Dubai Financial Market chairman will lead delegation of 12 CEOs, CFOs and investor relations managers of some of Dubai's top companies

Dubai bourse to hold international investor roadshow in New York
Essa Kazim, chairman of the DFM, will lead a delegation to New York.

Dubai Financial Market (DFM) will hold an international investor roadshow in New York on June 10 and 11, in collaboration with HSBC.

The DFM Roadshow will provide representatives of nine companies listed on the DFM and Nasdaq Dubai the opportunity to showcase their business development and growth strategies, state news agency WAM reported on Tuesday.

Essa Kazim, chairman of the 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.

Kazim said: "As the main link 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."

He added that during the first quarter of 2019, the DFM attracted 654 new investors, including 64 institutions, taking the DFM’s investor base to 843,778 investors.

The ownership of institutional investors reached 83.4 percent of the market capitalisation at the end of Q1, and their share of trading activity reached 53.2 percent, WAM said.

Fahima Al Bastaki, executive vice president and head of business development division of DFM, said: "The continuous success of the roadshows the DFM has been organising since 2007 is a clear indication of the success stories and quality of investment opportunities provided by many of our listed companies and we are hoping to see this encouraging trend gain further momentum in the future."

The 2019 roadshow will be held along with the Global Emerging Markets Investor Forum, one of the largest investment forums organised by HSBC, with the participation of more than 200 international institutions.

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