As many as 10 leading companies listed on Dubai Financial Market (DFM) were part of a successful International Investor Roadshow in New York.
The roadshow was organised in collaboration with Bank of America earlier this week and included three newly listed companies – Salik, Empower and DEWA. Among other companies participating in the roadshow were some of the movers and shakers of the index like Emaar Properties, Emirates NBD, Amanat, Emaar Development, Dubai Financial Market Company, DP World and Aramex.
The two-day event included 82 one-on-one meetings with senior representatives of 35 international funds managing more than $1 trillion of assets.
Confidence of investors in the Dubai capital markets
The US-based investment institutions expressed their keenness to be present in the DFM platform and expressed confidence in Dubai capital markets.
Commenting on the roadshow, Hamed Ali, CEO of DFM and Nasdaq Dubai, said: “DFM is more globalised than ever, with international investors actively participating in our capital market, maintaining nearly 49 percent trading activity during 2022 and 19 percent ownership.
“The Dubai market is showing increasing demand for subscriptions, with recent success stories across our new listings like DEWA, Tecom, Salik, Empower and Taaleem. The appetite of international investors continues to increase.
“The roadshow’s success, as shown by the number of institutions attending and meetings held, demonstrates a strong demand as Dubai works to implement its plan to develop financial markets and increase trading activity and investment from both local and international investors.”
Bank of America’s Arshad Ghafur, President MENA, was bullish on DFM and what it offers.
“Year 2022 was transformational for the Dubai Financial Market with a number of IPOs that have refocused investor attention on the Dubai value proposition. The transactions, which included one of the largest IPOs of the year, were heavily oversubscribed and reflected strong investor demand for the UAE,” Ghafur said.
“The continued focus from both global and regional investors is indicative of the UAE’s appeal and resilience where other markets around the world have proven challenging to navigate. Bank of America has had the privilege of working on a number of IPOs in the UAE and will continue to direct investor attention to the DFM platform for compelling opportunities across sectors.”
Saeed Mohammed Al Tayer, MD and CEO of DEWA, said his company used the opportunity to inform the investors of the progress they have been making.
“We were pleased with DEWA’s participation in the DFM-sponsored International Investor Roadshow in New York. We explained to the investors that DEWA is making excellent progress in achieving our strategy, which is focused on delivering sustainable growth while minimising our environmental footprint and ensuring consistency of returns for our investors,” said Al Tayer.
“We firmly believe that Dubai and its financial markets are the ideal destinations for investment in all sectors.”
Ibrahim Al-Haddad, CEO of Salik, said: “This event is an important platform that brings together international investors, through which we are observing increasing confidence and strong demand to join the Dubai Financial Market.
“This is evidenced by the high demand for ‘Salik’ shares, which confirms the confidence of investors in the Dubai capital markets and the strength and durability of the company.”
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