2016 marks a historic moment in the UAE’s capital market development with SCA now requiring all publicly listed companies to implement investor relations disclosure standards
The Middle East Investor Relations Society (MEIRS) has re-appointed H+K Financial as corporate communications partner for 2016 after a successful collaboration in 2015. Both organisations share a common vision to further increase market understanding and improve best practice in Investor Relations (IR), while addressing the growing demand in the Middle East for increased market transparency and better communication with local and international investors.
2016 marks a historic moment in the UAE’s capital market development with the issuance of new rules that require all publicly listed companies to implement investor relations disclosure standards from 1st January 2016. The new rules were issued as a decree by the Emirates Securities and Commodities Authority (SCA) and were added to the 2009 Ministerial Resolution No (518) on Governance Rules and Corporate Discipline Standards (Article 12-7).
“MEIRS’ role in the market’s understanding of the new rules and best practice in investor relations is fundamental,” said Andrew Bone, Founding Partner, H+K Financial. “We feel the weight of responsibility to help MEIRS communicate these developments to listed companies, investors, and other market stakeholders.”
Alex MacDonald-Vitale, Chairman, MEIRS, said: “We are delighted to continue our partnership with H+K Financial, a like-minded organisation which shares our vision in deepening understanding of the importance of investor relations and the positive impact it will bring to regional capital markets.”
Established in 2008, MEIRS is an independent non-profit organisation dedicated to promoting the IR profession and industry standards. MEIRS is the only body in the region to offer regional investor relations accreditation for professionals working in this field and has trained and accredited numerous investor relations professionals in the region.
H+K Financial is a specialised financial communications and investor relations practice with 15 offices across the MEA region. It is a partnership between Hill+Knowlton Strategies and Buchanan, a globally respected financial communications specialist firm.