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MENAFN Press - 05/10/2009

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(MENAFN Press) Dubai Financial Market (DFM) and NASDAQ Dubai announced today that they will hold the Borse Dubai International Investor Conference New York 2009 on November 2-3, 2009 at the New York Palace hotel in cooperation with Citigroup Global Markets (Citi) and Goldman Sachs.

The event will allow senior executives of listed companies on both exchanges to update New York-based fund managers and other investors on their companies recent successes and prospects.

The conference is the latest of DFMs annual series of international road shows that have taken its listed companies to leading financial centers such as London and New York. NASDAQ Dubai, the regions international exchange, is taking part for the first time. Both exchanges are majority-owned by Borse Dubai; NASDAQ Dubai is one-third owned by NASDAQ OMX.

The previous road shows played a major role in bringing DFM onto the radar of international investors and helped to turn the exchange into the main destination for foreign investment in the GCC.

More than 30 senior executives representing 14 listed companies on DFM and NASDAQ Dubai will take part in the two-day event.

Essa Kazim, Executive Chairman , Borse Dubai Limited and Executive Chairman, DFM said: Based on our experience and the phenomenal success of previous investor conferences in London and New York, we are confident that this years event will meet the usual success and further cement DFM and NASDAQ Dubais position as the main destination for foreign investment in the region. Undoubtedly, New York is the capital of global financial centers and bringing listed companies to the international arena will secure an excellent opportunity for institutional investors to meet senior executives from these companies.

Furthermore, the road show will play a pivotal role in providing the international fund managers with a better understanding and in-depth knowledge about our listed companies. Accordingly, we look forward to attracting more institutional funds to our promising emerging markets, he added.

Jeff Singer, Chief Executive of NASDAQ Dubai, said: The conference will provide information about a range of listed companies in a wealthy and growing region. Many leading international and regional investment banks are Members of NASDAQ Dubai, allowing access to its market. As the regions international exchange, operating to high regulatory standards, NASDAQ Dubai is a gateway for overseas capital to enter the GCC.

The event will include an overview of the regional economy as well as presentations by Mr. Kazim and Mr. Singer focusing on growth prospects of both exchanges and Dubai in general.


Listed companies that will take part in the conference include: Air Arabia, Aramex, Depa, Dubai Islamic Bank, Dubai Financial Market Company, Emaar, Emirates NBD, DP World, Drake and Scull, IFA, Mazaya Holding, NetSol, Gulf Navigation and Shuaa Capital.


About Dubai Financial Market
Dubai Financial Market (DFM) was established as a public institution having its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM became a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited.

 






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