Abu Dhabi Securities Exchange (ADX) and Thomson Reuters announced today they have signed an agreement which will promote the benefits of investor relations principles to all ADX listed companies.
Investor relations involves effective financial and corporate communications between a listed company, its shareholders and the financial community, and is considered best practice for listed companies around the world.
Commenting on the agreement, Tom Healy, Chief Executive of ADX, explained the importance of a successful investor relations strategy, saying: "For listed companies to achieve fair valuation they need to provide their stakeholders with timely and accurate information. This information is then vital for investors to make informed decisions. This is important for ensuring transparency and integrity in the marketplace.
Issam Makki, Manager - Gulf for Thomson Reuters, explained how the agreement will work saying that "Thomson Reuters alongside ADX will meet with ADX listed companies to discuss investor relations principles and introduce ways of improving financial communications and IR activities. Now more than ever, IR professionals and CFOs need intelligent information, robust analytics and sophisticated tools to provide greater transparency into the evolving capital markets. We are pleased to provide ADX-listed companies with the solutions they need to effectively manage their investor relations programs." Alex Menage, Business Development Manager for Thomson Reuters added "We are delighted to enter this agreement with ADX at this crucial point of time for the Middle East Capital Markets. Thomson Reuters IR services can provide all the tools listed companies need to: - Identify investor risks and opportunities with detailed ownership and targeting analysis incorporating the same factors that drive institutional investment decisions - Communicate their message to both institutional and retail investors, and monitor the impact of their communication - Connect directly with their peers and the institutional investment community."
"This agreement is particularly timely as it complements the new Securities and Commodities Authority corporate governance code, currently being implemented by ADX listed companies, which will result in more accountability and independence."
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