International firms confident about Dubai markets’ prospects

The Dubai Financial Market (DFM) International Investor Roadshow 2021 has successfully reinforced links between equity and fixed income issuers in Dubai and leading investment institutions in the US, UK, Europe, Asia and Mena.

The event included 112 one-on-one meetings with senior representatives of 35 international funds managing approximately an average of $40 billion of assets.

The Roadshow has been organised in collaboration with Goldman Sachs recently with the participation of 23 senior executives representing 10 equity and debt issuers on Dubai capital markers.

The flagship investor event, the DFM organises annually since 2007 in a leading step amongst regional markets, has enabled participating companies to showcase business developments, success stories as well as their noticeable ability to maintain growth supported by the high level of resiliency showed by Dubai and the UAE in enduring the current challenges.

Essa Kazim, Chairman of DFM said: “International institutions that attended the roadshow have clearly reaffirmed their deep confidence in the prospects of Dubai capital markets as well as their enthusiasm to further participate in our markets in the coming period especially that Dubai and the UAE have provided a shining example in handling the global challenges becoming at the forefront of economic recovery. We deeply believe that our markets are well-positioned to reap the fruits of this excellent economic performance and further attract foreign investments and strengthen trading activity, noting that international investors maintain a significant presence on the DFM accounting for one third of its vast investor base that belong to 207 different nationalities.”

International investors have accounted for 46 per cent of trading value during the first quarter of 2021, while their ownership of the total market capitalisation has grown by 2.6 per cent to 18.3 per cent at the end of the quarter compared to 17.8 per cent at the end of corresponding quarter of 2020.”

Fadi Abuali and Zaid Khaldi Co-Chief Executive Officers of Goldman Sachs for Mena said: “It has been a great privilege to collaborate with the DFM in organising a number of these global investor roadshows since the inaugural event in 2007. Institutional investors continue to show a great deal of interest in the region and the roadshow provided an effective forum for them to interact with the senior management teams from some of the largest listed corporates in Dubai. We would like to thank the senior leadership of the DFM, all the participating corporates, and the investor base for giving us the opportunity to host this important event.”

Within the same context, senior executives of participating companies have commended the extensive presence of international investment institutions as well as their scrotal and geographical diversification, which clearly underscores the pivotal role of DFM roadshows as an effective linkage with the investing community globally.

Similarly, senior executives of participating issuers have commended international institutions’ significant attendance as well as their geographical and sectoral diversification, which underline DFM International Investor Roadshows’ pivotal role as an efficient linkage with the investing community globally.