DUBAI: The Dubai Financial Market (DFM) International Investors Roadshow in New York 2019 has witnessed significant participation from international investment institutions. The event enabled listed companies to hold 81 one-on-one meetings with senior representatives of 35 international institutions managing approximately US$3.2 trillion of assets. [the_ad id=”31605″]The Roadshow was organized on Monday and Tuesday 10-11 June 2019 in conjunction with the Global Emerging Markets Investor Forum (GEMS), one of the largest investment forums organized by HSBC with the participation of more than 300 international institutions.
Nine DFM and Nasdaq Dubai listed companies took part in the event including; Emaar Properties, Emaar Malls, Emaar Development, Aramex, Damac Properties, Dubai Islamic Bank Emirates NBD, DP World, DFM Company.
The roadshow attracted 21 new institutions that took part for the first time, representing 60% of the total number of institutions. Additionally, number of meetings for each participating company has significantly increased reaching to 19 meetings for some of the issuers.
Essa Kazim, Chairman of DFM said: “Initiated in the year 2007 as a pioneering step amongst regional markets, the DFM’s international investors roadshows achieve greater success yearly in a clear evidence of its important role to strengthen links between listed companies and the investing community globally. The roadshow’s ability to attract new institutions as well as the significant increase in number of meetings for participating companies underline institutions’ confidence in DFM’s lucrative and diversified opportunities and its status as the preferred gateway to the rapidly growing economies in the UAE and the region. The DFM has diversified listed securities for leading companies in the UAE as well as dually-listed companies from other countries in the region.”
It is noteworthy that the DFM maintains a strong presence of foreign and institutional investments with more than 11 thousand institutions registered on the market, including 64 institutions during the first quarter of 2019. Institutions’ ownership reached 83.4% of the Market Capitalization at the end of the quarter with 53.2% share of trading.
Similarly, foreign investors are maintaining their active presence with 53.3% of trading and a net purchase of AED 680 million during the first quarter of 2019. They own 18.4% of the Market Capitalization.
Abdulfattah Sharaf, Group General Manager and Chief Executive Officer UAE, HSBC Bank Middle East Limited said, “After a strong start to 2019, emerging markets are firmly in focus at the moment and markets such as the UAE stand out for their ease of access, range of trading products and robust regulatory regime. As the only international bank with a DFM licence and a proud partner of its roadshow for many years, we were delighted that the response to this year’s event was one of the best yet.”
“The increased number of meetings per each participating company compared to the previous rounds clearly indicates the success of our new approach to organize the event in conjunction with the biggest emerging markets gathering in order to attract higher number of institutions in general and emerging markets funds in particular, enabling our issuers to showcase their success stories and latest developments in front of a greater number of institutions,” Fahima Al Bastaki, Executive Vice President, Head of Business Development Division of DFM said.
Senior executives of participating companies have applauded the result of the event, stressing on its ability to attract higher number of new and frequently participating institutions alike, which reinforces their efforts to attract institutional investments.