Dubai bourse tohold US roadshow

02 November 2007

The Dubai Financial Market (DFM) will hold a roadshow in New York in mid-November to promote its listed companies to US investors. Emaar Properties and Air Arabia are among the 14 companies participating.

'There is interest in emerging markets coming from major investment banks,' says Essa Kazim, director-general of DFM. 'Their clients are interested in investing.'

Institutions, mainly from Europe and the US, account for 25-30 per cent of trading on the exchange, which is still dominated by retail investors.

On 5 November, UAE-based travel and tour agent Al-Firdous Holdings will list all of its shares on the DFM. The company, which specialises in Haj and Umrah services, has a capital of AED 600 million ($163 million).

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