"Dubai Market" organizes the Global Investors Conference in New York on June 10
Dubai International Financial Market [DFM] is organizing a global investor conference in New York on Monday and Tuesday, 10 and 11 June 2019, in conjunction with HSBC, in conjunction with the Global Emerging Markets Forum, one of the world's largest emerging markets. As part of its keenness to consolidate the links between its listed companies and investment institutions, and to attract more global investments.
In a statement issued on Tuesday, the market said that the conference provides an opportunity for representatives of nine leading companies listed on the Dubai and NASDAQ Dubai markets to review their business developments and growth strategies, pointing out that international investment institutions are keen to meet this select group of companies. Best practices of investor relations and governance, and its great openness to the investment community locally and globally.
Eisa Kazem, Chairman of the Dubai Financial Market, is to lead the delegation, including 12 senior executives, financial and investment relations managers of the participating companies: Emaar Properties, Emaar Malls, Emaar Properties, Aramex, Damac Properties, Dubai Islamic Bank, Emirates NBD, DP World and DFM.
Commenting on this, Essa Kazim said that DFM conferences for global investors are the main platform for interaction between listed companies and international investment institutions. These conferences contribute significantly to attracting new investments and enhancing links between listed companies and the investment community. "The 2021 strategy framework has been very successful since 2017 and works to support the efforts of listed companies to adopt best practices of investor relations and governance to meet the aspirations of its current and potential investors base."
The market launched several initiatives to consolidate the practices of governance and investor relations, including initiatives to rehabilitate the investor relations teams in the listed companies and introduce them to the best international practices, and the initiatives of the rehabilitation of board members and the adoption of secretaries, which has received great interaction from many companies listed in the market and contributed to increase confidence in and More investors. The first quarter of this year attracted 654 new investors, including 64 investment institutions, bringing the total number of registered investors to 843,778.
Foreign investors maintained a strong presence in the market, accounting for 53.3% of the total trading during the first quarter of 2019, with a net investment of AED 680 million and 18.4% of total market capitalization at the end of the quarter. Attractive investment opportunities as a direct result of the strength and diversity of the national economy, as well as the acquisition of a world-class regulatory and global structure and the superior services it launched under its current strategic plan.
It should be noted that the percentage of ownership of investment institutions of the total market value of shares listed in the market reached 83.4% at the end of the first quarter of 2019, and the share of institutions from trading to 53.2%.
Fahima Al Bastaki, Executive Vice President and Head of Business Development at DFM, said: "Listed companies are very responsive to the various DFM initiatives to implement global best practices in investor relations and governance, and many of them have gone a long way in this regard. Which has been recognized by the international investment institutions. This is reflected in the keenness of these institutions to target the most committed and active companies with their current and potential investors through the effective application of investor relations and governance, Organized by the market or through individual participation in conferences organized by international investment banks, by activating the vital role of the investor relations departments.
She added that the success of the Dubai International Financial Market [DFM] conferences for global investors year after year since its launch in 2007 represents a pioneering step between the regional financial markets and provides a strong indication of the success stories of several listed companies and the opportunities they offer. Dubai market to gain this positive trend more momentum during the next phase.
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