Dubai
Dubai Financial Market (DFM) said on Sunday it attracted 2,627 new investors in the first nine months of 2016, including 418 institutions, indicating confidence in the market.
“DFM is constantly reinforcing its attractiveness to foreign investments supported by the sound performance of the national economy, its lucrative and diversified opportunities as well as its world-class infrastructure and regulations. These elements have positioned DFM as the ideal gateway for international institutions to participate in the potential opportunities of one of the most dynamic and fast growing economies,” Essa Kazim, Chairman of DFM said in a statement.
The bourse also conducted roadshow in New York, which included 76 one-on-one meetings between 33 international institutions and senior representatives from 10 listed companies on the DFM and Nasdaq Dubai.
The conference clearly reflected the growing appetite among US-based international institutions to strengthen links with listed companies and learn about the most recent developments and growth prospects of these companies. Institutions present at the roadshow were not only New York-based but also included institutions from Boston and San Francisco.
“Exposure to Dubai’s service-based economy remains coveted by Global Emerging Market fund managers, which is a testament to Dubai’s diversified business model. Despite regional headwinds, investor sentiment towards Dubai remains positive,” Talal Ghandour, Head of MENA Equities, Bank of America Merrill Lynch said.
