Bank Audi endeavours to provide institutional and individual investors, rating agencies, analysts, media and financial markets authorities with systematic and symmetric information on timely and regular basis in accordance with best market practices. The investors relations function aims to develop and sustain the Bank’s relationship with all stakeholders and investment community through bilateral communication and sharing the Group’s strategy, operating environment, major events and financial results as well as any data deemed necessary to deliver complete information in an efficient and effective manner that will address their concerns.
The ongoing political turmoil within the Middle East and North Africa region coupled with the emerging market sell-off by investors have reduced the investor relations activity in 2015 where it weighed down the number of equity conferences hosted within the region.
During 2015 Bank Audi participated in 5 equity conferences, fulfilling 71 meetings with 56 institutional investment companies, represented by 75 fund managers based principally in the United States, United Kingdom, MENA region and Turkey. Many of these investor relations meetings involved members of the Group Executive Committee and senior executives from key subsidiaries providing the audience with transparent and prompt information relevant to the Bank’s activities. In addition, many of the sell-side and buy side communities were constantly updated through mass mails dispatched on regular basis, with the Bank’s quarterly earnings releases and related corporate actions as well as through constant updates of the Investors relation webpage (including the Investors Relation presentation).
While somehow underscoring the limited equity institutional investors’ appetite prevailing in 2015 as a result of global and regional woes, Bank Audi’s investor relations activity in 2015 reflects only an extension of the Bank’s long standing track record since 1995. The table below illustrates Bank Audi’s participation since 2005 in equity conferences highlighting Management commitment to Investor Relations:
|Participation In Equity Conferences
/ Non-deal Roadshows
|Number of meetings
|Number of companies met with
|Number of portfolio managers met with
Several site visits were also scheduled for institutional investors that were not able to secure meetings during the equity conferences and for those investors interested in visiting the corporate head offices to complement their knowledge on Bank Audi.
The sell-side and buy side communities were also constantly updated through mass mails dispatched on regular basis, with the Bank’s quarterly earnings releases and related corporate actions as well as through constant updates of the Investors relation webpage (including the Investors Relation presentation). A new Investor Relation webpage was launched in November 2014 along with a Group website webpage. The Bank is currently considering launching during the course of 2015 an IR application available on androids and in apple store to keep the investor communities informed in a timely manner on all developments pertaining to the Group.