Dubai Financial Market (DFM) will be holding its second International Roadshow on October 13-14 in New York after the increased appetite of foreign investors in the local market,
The roadshow will be in co-sponsorship from the Bank of America Merrill Lynch (BAML). The event brings together 11 companies listed on DFM and NASDAQ Dubai, as part of DFM’s efforts to regularly offer listed companies the opportunity to showcase their growth and strategy.
DFM is witnessing thriving activity since the beginning of this year as the daily average value has jumped 210 per cent to Dh1.7 billion compared to Dh547 million during the same period of 2013. The DFM General Index is up 51 per cent year to date. DFM has attracted 21,170 new investors during the first eight months of 2014 compared to 19311 investors during the same period of 2013, a growth of 10 per cent which signals investors’ confidence in DFM’s diversified and lucrative investment opportunities, as well as its ability to sustain growth.
Eisa Kazim, chairman of DFM Company, will lead a high level delegation of 18 CEOs, CFOs and investor relations managers of 11 listed companies who will have the opportunity to update international institutional investors on the recent successes and prospects of their respective companies. Participating companies in the event include; Emaar Properties, Emirates NBD, DP World, Shuaa Capital, Dubai Investment Company , Drake and Scull, Mashreq Bank, Union Properties, Emirates REIT, DFM Company, and Emaar Malls, which is currently carrying out its IPO and plans to list on DFM early October.
“The DFM International Roadshow in New York is well-timed in view of the mounting pace of positive developments including; restoring the momentum of IPOs and the thriving market activity in the course of significant interest from local and international investors towards DFM, as well as the enormous success and the noticeable success of our recent roadshows in New York and London,” Kazim said.
