National Bank of Abu Dhabi PJSC and Aldar Properties PJSC, two of the biggest listed companies on the Abu Dhabi bourse, are among eight firms from the emirate seeking investors at meetings in London today.
“There is a mountain of cash built up in pension funds all over Europe now,” Tom Healy, the exchange’s chief executive officer, said in an interview late yesterday in London. “Investors have been slow to invest but we’re now seeing a lot more interest to invest in Abu Dhabi companies.”
Abu Dhabi, capital of the United Arab Emirates and source of almost the entire country’s oil output, is looking to boost stock market liquidity following last year’s slump. The benchmark index lost 47 percent in 2008 as oil tumbled and the worst financial crisis since the Great Depression prompted investors to pull out of the region. The index is up 34 percent this year.
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