(MENAFN Editorial) The Dubai Financial Market (DFM) International Investor Roadshow in London has been successfully concluded on Tuesday, April 29th, 2014, with over 240 one-on-one meetings were held between fund managers, institutional investors and senior representatives from 12 listed companies on the DFM and NASDAQ Dubai. The roadshow was organized in collaboration with Goldman Sachs International as part of the DFM's ongoing efforts to provide its listed companies with the opportunity to regularly showcase growth and strategy.
The list of participating companies included; Emaar Properties, Emirates NBD, Dubai Islamic Bank, DP World, Shuaa Capital, Dubai Investment Company, Air Arabia, Drake and Scull, Mashreq Bank, Aramex, Union Properties and DFM Company. DFM has taken the lead amongst regional exchanges by organizing events targeting international investors in New York and London since 2007.
His Excellency Essa Kazim, Chairman of DFM Company, has led a high level delegation of 27 CEOs, CFOs and investor relations managers of listed companies. The event included a panel discussion about the economic outlook in the UAE and Dubai in particular attended by representatives of listed companies and international institutions.
This event was designed to facilitate numerous one-to-one meetings between representatives of listed companies and institutional investors, which enabled them to showcase success stories, achievements, business developments and growth outlook of their respective companies.
Commenting on the outcome of the roadshow, His Excellency Essa Kazim, Chairman of DFM, said: "London- based international investors have shown great interest to meet the representatives of Dubai-listed companies, hence, the roadshow has seen tremendous attendance of institutions and emerging markets funds which is increasingly attracted to our market particularly after it has been classified as emerging market. 240 one-on-one meetings took place with representatives of 56 leading investment funds which provide the clearest evidence on the success of this event and the eagerness of these funds to deepen their knowledge about our listed companies. DFM will continue to provide listed companies with such unique opportunities to connect with leading institutional investors and showcase success stories, achievements, latest developments which enable investors to identify investment opportunities on Dubai capital market and further support our efforts to attract international investors and diversify investor base of these companies".
"International institutions are increasingly recognizing the quality and diversification of investment opportunities provided by DFM listed companies which represent a variety of growing sectors and thrive through a high growth and sustainable economic environment creating a favourable and attractive environment for local, regional and international investors. Moreover, the roadshow in London and its predecessor in New York few months ago have clearly demonstrated the great outcome of DFM's extensive efforts over the past years to support listed companies in further preparing to deal with more diversified and demanding international investors. Consequently, DFM is promoting IR best practices and provides its issuers with various analytical services which help them to achieve better understanding of shareholders investment behavior, trends and requirements. Moreover, our listed companies have employed qualified IR practitioners to communicate with its investors", Kazim added.
"Leading the best performing exchanges year to date with the General Index up 51% and average daily trading value up 466% to AED 1.86 billion clearly indicate local and international investors' demand and confidence of our market", Kazim concluded.
Listed companies' representatives praised the outcome of this roadshow reaffirming its importance as an ideal platform to showcase growth strategies of their respective companies.
His Excellency Abdul Aziz Al-Ghurair, Chief Executive Officer of Mashreqbank PSC said: "2014 Dubai Financial Market International Investor Roadshow has provided us a strong platform to interact with the international investors and has given us a great opportunity to convey the Dubai and Mashreq story. Today, UAE is viewed as the land of opportunities. And rightly so! UAE has made tremendous strides, over the years, in building state of the art infrastructure and providing a dynamic evironment for business and investments. In 2014, Dubai index crossed 5,000 points for the first time since 2008 and upgrade of UAE Market to Emerging Market status from Frontier by MSCI is a major sign of approval from institutional investors for the stock markets, and is expected to attract more stable sources of capital to local equities. Today, UAE has truly come of age and offers attractive opportunities to global institutional investors who wish to participate in this growth story. We believe that our participation at this flagship event has enabled us to communicate our success story of solid past performance and future growth strategy on a truly international platform."
Shayne Nelson, Emirates NBD Group CEO said: 'We are very pleased to be associated with this DFM initiative. It presents an effective platform for Emirates NBD, and other Dubai based issuers, to update international investors on the most recent company performance and discuss the outlook for the future. For investors, it offers a very efficient forum to meet with corporate and financial institutions and obtain an update about the current health of Dubai and UAE economy as well as understand future opportunities in the market.'
"Our investor relations program is continuously being enhanced to meet the changing needs of stakeholders from across the globe", said Dr. Adnan Chilwan, CEO, Dubai Islamic Bank. "DFM roadshows such as these in key financial centers like London, New York and perhaps going forward into Far East are a critical piece of IR at DIB. Investor meetings are a two-way street as, apart from providing insights to the investors on the entity, we, as the management gain quality feedback from the market as to how we are perceived and what is expected of us. This, in essence, forms a key component in establishing our strategy and paving the way forward for the bank. The recent move, where the foreign ownership limit of the bank has been increased, came effectively due to the significant interest shown by the international investors during such gatherings".
Amit Jain, Chief Financial Officer of Emaar Properties, said: "The DFM roadshow in London underlines the surging international investor confidence in the Dubai bourse and the strong financial fundamentals of its listed companies, including Emaar Properties. As the UAE enters the MSCI emerging market index, the roadshow will bring greater insights into the strong potential offered by Dubai-based companies, which derive their growth impetus from the robust performance of Dubai's economy.
"As the city prepares to host the World Expo 2020 with massive infrastructure projects, and led by the record performance of its core economic sectors such as aviation, retail, tourism and hospitality, Dubai is firmly positioned to mark solid growth in the coming years. This is expected to reflect further on the positive performance of the DFM listed companies, and provide long-term value for investors."
Zeina Tabari, Chief Corporate Affairs Officer, said: "DSI welcomes collaboration opportunities with the DFM to interact with our existing and potential shareholders, as part of our transparent two way communication mechanisms. The DFM roadshows are an important part of DSI's calendar, as they allow us to address the global investing community that is increasingly discerning and looking toward the GCC and the UAE in particular as markets with untapped potential and promise. Our 133 year legacy of delivering projects across Western and Eastern Europe, the GCC, Greater Middle East, North Africa, South and East Asia adds to our value proposition and helps us to generate value for our stakeholders."
"We feel privileged to have collaborated with the DFM in arranging an informative roadshow for a select and important group of DFM listed companies. The roadshow offered an effective forum for our global investor clients to meet with the senior management and get an update on the latest developments from this group of distinguished DFM listed companies. This event occurred on the heels of the June MSCI Emerging Market inclusion. The success of the roadshow was evident from the constructive and positive feedback collated from the attendees and participants. We would like to thank the senior leadership of the DFM, all the participating Dubai corporates, and our investor clients for having given us this unique opportunity to host this timely event", Wassim Younan, CEO of Goldman Sachs Middle East said.