Nasdaq Dubai has signed a new landmark agreement with the Middle East Investor Relations (ME-IR) Society, a move intended to promote best practice in investor relations throughout the emirate.
The new memorandum of understanding will allow the two parties to provide educational seminars for issuers, potential issuers and their advisers, as well as providing public relations advice for corporations floated on the Dubai Stock Exchange.
Jeff Singer, chief executive of Nasdaq Dubai, commented: "The ME-IR Society is an excellent forum for assisting issuers with many aspects of investor relations and for learning more about their views and their investor relations needs, as well as the opinions of the investing public."
Gretchen Haynes, general manager of the ME-IR Society, added that investor relations teams are coming to play an increasingly important role within corporate structures.
In April, Nasdaq Dubai announced that trading volumes for the first quarter of 2009 were up 62 per cent on the same period in 2008.