Dubai Financial Market (DFM) will holding its annual International Roadshow in New York next month with co-sponsorship from Bank of America Merrill Lynch (BofAML).

The roadshow, on on October 19  and 20,  will enable listed companies to inform international fund managers about growth strategies and recent developments.
Senior executives of 13 companies listed on DFM and Nasdaq Dubai are participating as companies are keeping a keen eye on this efficient platform, which has achieved continuous   success yearly since DFM launched its series of international roadshows in New York and London in 2007 in a pioneering step amongst regional exchanges.

The high-level delegation of 18 CEOs, CFOs and investor relations managers of listed companies, led by Essa Kazim, chairman of DFM Company, will have the opportunity to update investors in the US on the recent successes and prospects of their respective companies.

Companies participating include Damac Properties, DP World, Drake and Scull, Dubai Investment Company, Dubai Islamic Bank, Dubai Parks & Resorts, Emaar Properties, Emaar Malls, Emirates NBD, Emirates REIT, Mashreq Bank, Union Properties and DFM Company.

Kazim said: “Foreign investors’ constant and significant participation on DFM provides a strong indication of the quality and diversification of investment opportunities that the market offers, as well as its ability to achieve sustainable growth. Foreign investors’ share of DFM trading value has increased to 47.7 per cent year-to-date compared to 42 per cent during the same period of 2014, with net in-flow of Dh629 million. We are regularly organising such events in order to further strengthen foreign and institutional investments on our market and attract more liquidity. The roadshow offers listed companies the opportunity to deepen links with key international fund managers, and this drive gains further impetus with MSCI’s classification of the United Arab Emirates (UAE) as an Emerging Market.”

Arshad Ghafur, president, Middle East and North Africa of Bank of America Merrill Lynch, said: “The DFM remains a focal point for global investors that are looking to gain access to markets across the Middle East. Bank of America Merrill Lynch remains committed to both the DFM primary and secondary markets, as evidenced by our leading market position in the region.” – TradeArabia News Service