Annual Review 2008 Print

Chairman's Statement


Stock exchanges bear a large responsibility when the capital markets falter. Far from being passive witnesses to declining confidence, they have a duty to take a  leadership role in bolstering the financial system and restoring trust. 

They can do this in three main ways. One is to ensure high standards of regulation; the second is to provide an expanding range of excellent investment opportunities; and the third is to be passionate in educating the public about how they can make use of all that the financial markets have to offer. Where sound legal and regulatory architecture is in place, investors must be made aware of it so that they fully understand its value. Where new and exciting investment possibilities are offered, these must be explained, time and again, in training courses, seminars and through the media, especially where asset types are new to the region, so that people become familiar with them.

At NASDAQ Dubai we always have provided high standards of regulation. We list a growing array of attractive investments, ranging from primary regional equities to secondary listings of companies based around the globe, as well as the UAE's first equity derivatives market. What we must do more successfully in 2009 and beyond is inform the public about the undoubted value of what we offer. We must explain what, why, where and how. Only from a platform of deep knowledge and understanding can an investor make wise decisions about whether to buy a particular security at a particular time, or whether it is not for them.

Our duty to expand our market, while educating the public about its benefits, is shared by the financial services professionals who are active on the exchange. We look forward to cooperating with many of them in our mission.

Soud's Signature

Soud Ba'alawy

Chairman

 

Soud Ba'alawy

Soud Ba'alawy

Chairman