Dubai Financial Market's NYC Roadshow Spurs Robust Institutional Engagement, Wrapping Up 2023 Global Tour.

29 Nov, 2023

Dubai Financial Market's NYC Roadshow Spurs Robust Institutional Engagement, Wrapping Up 2023 Global Tour.

The Dubai Financial Market (DFM) concluded its final International Investor Roadshow for the year in New York, marking its second appearance in the city in 2023. This event drew substantial interest from major international institutions and investors, further reinforcing DFM's stature as a premier global exchange for impactful investor engagement. The success of this roadshow follows the triumph of previous events in New York, London, and Singapore earlier in the year.

Conducted in collaboration with J.P. Morgan on November 20 – 21, 2023, the Roadshow showcased 11 Dubai-listed companies, including DEWA, DFM, Du, Dubai Islamic Bank, Emaar Properties, Emaar Development, Emirates NBD, Empower, Salik, Taaleem, and Al Ansari Financial Services. It facilitated 82 one-to-one meetings with senior representatives from 45 international funds, offering invaluable insights into Dubai's dynamic capital markets.

This platform also allowed the listed companies to engage with international portfolio managers, global institutions, sector specialists, and generalist investors, fostering valuable interactions and highlighting the investment opportunities present in Dubai.

A notable feature of the Roadshow was the inaugural Dubai Majlis Business Forum, hosted by the Dubai Department of Economy and Tourism (DET) in the United States for the first time. The forum brought together key figures from US-based multinational companies, showcasing Dubai's Economic Agenda (D33) and the market prospects for future growth. It included distinguished guests from the Consul General of the United Arab Emirates in New York, along with government and business leaders based in Dubai.

The Forum hosted a closed-door panel discussion featuring Hadi Badri, CEO of Dubai Economic Development Corporation; Hamed Ali, CEO of DFM & Nasdaq Dubai; and Mohamad Agha, Head of Commercial Business Segment at Mastercard, moderated by Edwina Fitzmaurice, Chief Customer Success Officer at Ernst & Young. Their insights shed light on Dubai's ascendance as a global economic hub and its role in presenting new opportunities for global businesses.

Hamed Ali, CEO of DFM and Nasdaq Dubai, expressed enthusiasm about the success of the roadshow, emphasizing the significant contribution of foreign investors to Dubai's capital market. He highlighted the surge in demand for IPOs in Dubai and the market's growing appeal to global investors.

Hadi Badri, CEO of Dubai Economic Development Corporation, reiterated the commitment to developing and promoting Dubai's capital market as a crucial aspect of Dubai's Economic Agenda D33. He underscored the significance of DET's participation in the DFM roadshow, emphasizing the alignment with a Dubai-first approach to showcase the city's competitive advantages and foster a thriving investment environment.

Both leaders expressed their anticipation for future endeavors, aiming to drive sustained economic prosperity in Dubai through continued collective efforts.