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Investor Relations, IR, is playing a growing role in strengthening the relationship between companies listed on Dubai’s capital markets and investors locally and internationally.
The Dubai Financial Market, DFM, and Nasdaq Dubai, are actively implementing a widespread IR excellence program to promote issuers’ expansion in this field through numerous initiatives.
These include the international investor roadshows organised annually since 2007, developing smart solutions enabling listed companies’ seamless connectivity with investors as well as launching practical guides, organising educational workshops on IR best practices and the IR Graduate Program for Emiratis.
The two exchanges have showcased the successes of their Joint IR excellence program during the Middle East IR Society, MEIRA, 2020 Annual Conference & Awards, concluded in Dubai today.
During a special session on driving stakeholder value, Hassan Al Serkal, CEO of DFM, emphasised IR’s pivotal role in enabling listed companies to present their equity story and attract more investments by providing investors with clear and informative messages on key developments and financials, leading to an upsurge in investors’ interest and subsequently increasing the market value of the companies.
Commenting on DFM’s active participation in the conference, Al Serkal said, "We have always been committed to promoting IR excellence amongst our issuers in cooperation with various stakeholders and regulatory bodies. Our efforts have been instrumental in making an IR mandatory function as part of the implementation of the corporate governance framework. We are also encouraging listed companies’ active response to international institutions’ growing demand for Environmental, Social and Governance, ESG, investing through various initiatives such as the launch of an ESG index as well as the expansion in ESG reporting."
Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO of DFM, said, "Our numerous IR initiatives have successfully promoted IR best practices over the past years and are widely welcomed by listed companies. We are encouraging and supporting issuers to further embrace IR best practices and adopt an open door policy with current or potential investors. These continuing efforts are essential in attracting new investment and reinforcing Dubai’s leading position as a dynamic capital markets hub through enabling companies in the region to leverage Dubai’s multi-platform capital markets."
The session also included a keynote presentation delivered by Fahima Al Bastaki, Executive Vice President, and Head of DFM’s Business Development Division, about regional corporate strategies to generate global exposure through Dubai’s capital markets.
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