Abu Dhabu to hold roadshows to attract foreign investment

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Abu Dhabu to hold roadshows to attract foreign investment

07 Apr 2008

Abu Dhabu has announced it is to hold roadshows in Singapore and Tokyo to attract potential investment from overseas.

The company said that foreign listings on the Abu Dhabi Securities Market (ADSM) would help diversify the investment opportunities on the exchange.

Tom Healy, the market's director-general, who is leading a delegation of eight listed firms, said: "The ADSM is planning to initiate exchange-traded funds (etfs) trading, and we believe that foreign etfs, and particularly etfs in sectors such as electronics that are not represented in the United Arab Emirates, would be of tremendous interest."

Participating companies include the National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Aldar Properties and Sorouh Real Estate among others.

This week's roadshows will follow the events held in London and New York last June by the bourse of the United Arab Emirates capital.

Meanwhile, the Abu Dhabi stock exchange said in March it has agreed with NYSE Euronext to develop a derivatives market in the Gulf Arab Emirate, among other ventures, according to a report from Reuters.
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