Coverage

Since 2010, several London-based banks and regional financial institutions initiated coverage of Bank Audi’s stock. The table below lists institutions that covered the Bank’s stock till December 2017:

Bank Audi's Stock Coverage

Institutions Country Analyst Initiation Date
EFG Hermes Egypt Elena Sanchez-Cabezudo Jan-06
FFA Private Bank sal Lebanon Anna-Maria Chaaraoui Oct-09
HSBC United Kingdom Aybeck Islamov Feb-10
Arqaam Capital United Arab Emirates Jaap Meijer Feb-12

Bank Audi’s ordinary shares and GDRs have been listed on both the Beirut Stock Exchange and the London Stock Exchange for more than 3 decades now, compelling the Bank to apply high standards of disclosure and transparency. To that end, the investor relations activity of Bank Audi Group focuses primarily on providing quick, current, relevant and reliable information to its shareholders, coverage analysts, rating agencies, the investment community, the general society and the media. The Bank endeavours to maintain an active and open dialogue with market players, regarding the status and outlook of Bank Audi Group and the development of its business lines and main subsidiaries in the various countries of presence.

The above encompasses regular financial information reporting, including the annual report, CSR reports, interim reports, press releases, IR presentations, participation to investor conferences and investor site visits. All reports, presentations, announcements and press releases are available on www.bankaudigroup.com and on Bank Audi’s IR App which was launched in 2016 and is available on android and iOS stores.

The prevailing regional political and economic uncertainties continue to weigh down on the investor relations activity in 2017. The number of MENA equity conferences decreased significantly, driven by travel spending cuts from institutional investors and lower travel cost measures undertaken by the corporate access team of leading international banks organising those conferences.

Bank Audi’s participation in equity conferences in 2017 was limited to 3 conferences, whereby it fulfilled 34 meetings with 41 institutional investment companies, a number of which among its institutional shareholders. This was complemented by a number of conference calls, information exchange and site visits aimed at informing investors on the strategies adopted by Management in the face of the challenging environments in main countries of presence, allowing to manage the underlying risks and sustain the Group’s performance.

The table below illustrates Bank Audi’s participation since 2005 in equity conferences highlighting Management’s commitment to Investor Relations:



Participation In Equity Conferences
/ Non-deal Roadshows
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Total
Equity conferences
4 3 6 2 10 13 14 7 7 5 5 2 3 81
Number of meetings
87 66 139 68 201 207 170 68 72 83 71 21 34 1,253
Number of companies met with
74 54 120 66 141 151 116 60 61 65 56 25 41 1,030
Number of portfolio managers met with
122 88 171 94 244 248 185 73 95 102 75 33 62 1,592
Company/Roads how
18.5 18.0 20.0 33.0 14.1 11.6 8.3 8.6 8.7 13.0 11.2 12.5 14 12.7
Meeting/Company
1.2 1.2 1.2 1.0 1.4 1.4 1.5 1.1 1.2 1.3 1.3 0.8 1 1.2
Portfolio manager/company
1.6 1.6 1.4 1.4 1.7 1.6 1.6 1.2 1.6 1.6 1.3 1.3 2 1.5


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