NASDAQ Dubai-Zim business showcase on cards

international stock exchange between Western Europe and East Asia.
DEAT Capital managing director Mr Nicky Moyo believes that the showcase will help to catalyse international trade and investment for the country’s private sector development.
“We would be able to bring chief executives and senior management of some top companies on Zimbabwe Stock Exchange looking for primary and secondary listings.
“We are also targeting unlisted companies in private and public sector looking for initial public offers (IPOs) and raising capital through corporate bonds and private placements,” he said.
He said they are targeting around 10 to 12 leading Zimbabwean companies.
The companies being targeted range from sectors including: Information and communication technology, infrastructure (energy, transport, water, and telecommunications), manufacturing, mining and capital equipment, industrial parks and property development, chemicals and pharmaceuticals, tourism and hospitality, agribusiness and financial services.
According to Mr Moyo, the participation of Zimbabwean firms on the NASDAQ Dubai will allow them greater access to the global market.
“Through the exchange, regional issuers can access regional and international investment. International issuers can access investment from the region, through a primary or dual Admission to Trading.
“Investors can trade on NASDAQ Dubai through a unique mix of regional and international brokers,” he said.
Despite the global financial crunch that has affected most international stock exchanges, those in the Asian market have generally maintained high liquidity levels, not least NASDAQ Dubai.
In July 2010, NASDAQ Dubai outsourced its trading and other key operational functions for equities to Dubai Financial Market (DFM), a development that brought the DFM’s more than 550 000 individual investors together with NASDAQ Dubai’s international institutional investors in a deep liquidity pool.
The NASDAQ Dubai region includes the United Arab Emirates and the rest of the Gulf Cooperation Council (GCC), the wider Middle East and North Africa, Turkey and the Indian sub-continent.
NASDAQ Dubai is located in the Dubai International Financial Centre (DIFC), a financial free zone.
According to the organisers, the showcase will be structured in such a way as to allow for group presentations in which participating Zimbabwean companies make presentations to an institutional audience.
There will also be one-on-one meetings allowing these companies to directly engage targeted potential investors.