Michael Miller, Head of Investor Relations at NBAD, Khuloud Saqr Almehairbi, Senior Investor Relations Officer, and Haseeb Anwar Chaudry, Branch Sales and Service Manager - Dubai Main Branch at the award receiving ceremony
The National Bank of Abu Dhabi (NBAD) was awarded “Leading Corporate for Investor Relations - UAE” by the Middle East Investor Relations Society (ME-IRS).
NBAD took the top prize, which was awarded based on a survey of investors and analysts from around the globe. The survey was undertaken by Thomson Reuters Extel in partnership with the ME-IRS.
“This award is an indication that investors appreciate the significant progress NBAD has made from an investor relations perspective. Over the past year, we have achieved a number of improvements, including increasing participation in global investor conferences, enhancing our investor presentations by providing more transparent disclosures, redesigning our investor website and increasing our overall responsiveness to investor needs and demands,” said Michael Miller, Head of Investor Relations at NBAD. “This award, which is based on a survey of the investor community, is a testament to the efforts we have made to ensure we communicate more effectively with investors. We are encouraged by this acknowledgment and look forward to continuously improving our investor relations efforts going forward.”
As a market leader, NBAD is committed to providing transparent financial communications through various channels. In addition to quarterly financial disclosures and earnings conference calls, the Bank frequently meets with investors and analysts and regularly attends investor conferences. Furthermore, the Bank recently revamped the Investor Relations section of its website. The site now provides enhanced information and data about the Bank in a very organised and user-friendly manner.
“Providing transparent disclosures to investors ensures they have the information they need to help them make more informed investment decisions,” said Mr. Miller. “Our effort to provide more disclosure fosters trust with investors and ultimately makes us a stronger company.”
Standard & Poor’s recently upgraded NBAD’s long- and short-term counterparty credit ratings to ‘AA-/A-1+’ from ‘A+/A-1’. The prestigious Global Finance has ranked NBAD in its World’s 50 Safest Banks since 2009 and recently named NBAD the Safest Bank in the Emerging Markets.
NBAD received the Leading Corporate for Investor Relations at the Middle East Investor Relations Society’s 5th Annual Conference and Awards Ceremony held in Dubai last week.