DFM conference to draw global fund managers

Dubai Financial Market (DFM) will hold a two-day International Investor Conference in London from today.

The roadshow, a regular feature of DFM's event calendar, will see representatives from DFM Company and 13 other listed firms meet international fund managers over the two-day event.

More than 250 London-based institutional investors and fund managers are expected to attend the conference, the third such international event organised by DFM over the past year. The conference is part of the bourse's ongoing endeavour to extend its reach to global fund managers and institutional investors.

In response to the high level of demand witnessed at its roadshows last year, DFM announced that it will organise such conferences at least twice every year. While demand from the United States and United Kingdom continues to remain high, DFM will also tap into new markets and international investors from other parts of the world over the next 12 months.

Essa Kazim, chairman of Dubai Financial Market, said: "The first edition of the International Investor Conference in London proved an enormous success. London is an important global financial centre, and institutional investors based in that city have a solid track record of long-term, stable investments. In this context, besides consolidating the bourse's position in the global investor community, this annual conference also provides an opportunity for DFM-listed companies to secure further investment from outside the region.

"In line with the strong investor response witnessed at last year's event, we have again received extremely favourable feedback from institutions this year. All appointments with representatives of the 14 listed companies have already been booked prior to the conference. This reflects the very high level of interest in DFM-listed companies among international fund managers.

"These initiatives offer fund managers comprehensive insight into the opportunities for long-term investment in regional firms, and enable listed companies to share the benefits of the Gulf's economic boom with the global investor community."

The event expects more than 250 attendees and about 400 meetings will occur between fund managers and investors and representatives of listed companies. DFM-listed companies that will take part in the conference include Air Arabia, Amlak, Arabtec, Dubai Islamic Bank, Dubai Financial Market Company, Emaar, Tamweel, Tabreed, Global Investment House, International Financial Advisors, Salama, Union Properties and Shuaa Capital. Gulf Navigation, which recently approved the amendment of its articles of association to allow foreign investment, will be participating in the event for the first time.