RAK Properties generates great interest in London

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'We are quite happy to be part of this Road show and we are thankful to ADSM for this initiative. This Roadshow allows foreign and potential investors to have a closer look of our ongoing projects as well as our upcoming developments,' said Mohammed Sultan Al Qadi, Managing Director of RAK Properties. 'The level of interest we saw among prospective investors at the Roadshow was very encouraging and we plan to attend such road shows more often,' he added.

The participation of RAK Properties in the Roadshow came after ADSM signed memoranda of understanding with major global exchanges. Following the signing of the memoranda, ADSM organised for 11 companies listed on the exchange to present their investment opportunities in its Roadshows held in London and New York.

The two-day Roadshow held in London aimed at introducing the investment opportunities from different sectors in the UAE to foreign investors. RAK Properties showcased its flagship projects, Mina Al Arab and Julfar Towers for investors in London.

The Abu Dhabi Securities Market organized the Road show in light of increasing foreign investment in its listed companies. Sectors that were represented in the Roadshow include banking and finance, energy and real estate.

RAK Properties is one among the 15 listed companies recently honoured by the Securities and Commodities Authority for good financial practices and disclosure. According to the criteria set by the Authority, RAK Properties was placed in the 'Gold' category, which made it the only real estate developer from the UAE to be honoured in this group.

Commenting on the honours, Al Qadi said: 'We are extremely pleased and proud to be selected for such a rare honour since there are more than 120 companies registered in the two securities markets in the UAE. This award motivates us to work harder and develop higher standards that will help us meet the expectations of our stakeholders.'