- Conference held with the support of Dubai Financial Market and Abu Dhabi Securities Exchange
- Winners of the Annual IR Awards announced - as voted for in the Thomson Reuters Extel survey
The winners of the 2013 IR Awards were announced today at the fifth Middle East Investor Relations Society (ME-IR Society) Annual Conference and Awards Ceremony. The event, which took place at the Ritz Carlton DIFC in Dubai, was supported by Dubai Financial Market and Abu Dhabi Securities Exchange.
The event was attended by listed and unlisted firms, family offices, investors, analysts, advisors, participants of the buy and sell side communities, exchanges and regulators. Senior level delegates attended from the Society’s different country chapters including Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Bahrain, Egypt, Jordan, Iraq and London.
Commenting on the event, H.E. Essa Kazim, Chairman of Dubai Financial Market, said:
“Investor Relations has grown to become an important feature of regional capital markets and we are seeing an increasing number of listed companies investing in developing their internal IR functions, expanding their teams and adhering to international best practice standards. DFM is fully committed to encouraging this development of which the ME-IR Society is an important driver..”
Paul Reynolds, Chairman of ME-IR Society said:
“The message from investors remains clear: effective investor relations increases the value of a firm and investors discriminate in favour of those who practice it. This is why great companies invest in their IR functions and why the ME-IR Society is committed to promoting best practice across the region.”
The morning conference consisted of panel discussions addressing topics such as ‘IR Reporting for Top Management and the Board’ and ‘What drives Investor Behaviour and Stock Prices’, while the afternoon awards ceremony revealed which Middle East companies had adopted the highest standards of IR. The winners were voted for by the buy and sell-side organisations in the Middle East, the US and Europe in an independent IR survey carried out by Thomson Reuters’ Extel.
The winners of the 2013 IR awards are;
Leading Corporates for Investor Relations - Middle East - Almarai
Best Investor Relations by CFO - Middle East - Paul Gay, Almarai
Best Investor Relations Website - Middle East - Ooredoo
Best Investor Relations Team for Crisis Communication - Middle East - Almarai
Best Investor Relations Team for Corporate Access - Middle East - Ooredoo
Best Investor Relations Team for Corporate Governance - Middle East - DP World
Leading Corporates for Investor Relations - Bahrain - Aluminium Bahrain
Leading Corporates for Investor Relations - Egypt - Orascom Construction
Leading Corporates for Investor Relations - Kuwait - Zain
Leading Corporates for Investor Relations - Oman - Omantel
Leading Corporates for Investor Relations - Qatar - Ooredoo
Leading Corporates for Investor Relations - Saudi Arabia - Almarai
Leading Corporates for Investor Relations - The Levant (Lebanon, Syria, Jordan) - BLOM Bank
Leading Corporates for Investor Relations - United Arab Emirates - National Bank of Abu Dhabi
Leading Corporates for Investor Relation - Palestine - Bank of Palestine
Outstanding Contribution to Investor Relations 2013 - Joe Maalouf, Al Khalij Commercial Bank
IR Recognition Award - Qatar National Bank
This year the Society introduced KWD best IR website Award which was given to SHUAA Capital
The Executive Team of the society gave special thanks and recognition to Dubai Financial Market, Abu Dhabi Securities Exchange, Qatar Exchange, HSBC, National Bank of Abu Dhabi, Bank of New York, Thomson Reuters, Drake and Scull, First Gulf Bank, Emirates NBD, Bank Audi, IPREO, Latham and Watkins, KW Digital, Deutsche Bank, Citi Bank, Etisalat, RR Donnelly and College Group for their invaluable support. The London Chapter of the ME-IR Society and Merchant Cantos were also thanked for their ‘IR in the Middle East’ video shown at the event.