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By Providing the Support and Guidance for the PEX’s Listed Companies, the Middle East Investor Relations Society Announced Launching its New Branch in Palestine

2012-02-08

The Middle East Investor Relations Society announced launching its new branch in Palestine. The society emphasized in a press release that it opened its new branch in Palestine as a step to provide the support and guidance for the PEX’s listed companies that are seeking to develop and strengthen their performance in the investor relations area. The opening of its new branch came after its representatives’ meeting in Palestine to agree on the investor relations’ charter that aims to improve the investor relations level and the relevant educational resources in Palestine .The Palestinian branch will organize workshops and host annual conferences about investor relations in cooperation with the other branches of the Association. The press release noted that the charter will perform as an informal supervisory body of the member companies of the associations in which its role is to help in developing the investor relations initiatives in Palestine, the new assembly includes representatives of: Palestine Stock Exchange PEX, Palestine Development and Investment PADICO, Palestine Telecommunications PALTEL, Bank of Palestine BOP, Jerusalem Pharmaceutical JPH and Bank of New York Mellon.The CEO of Palestine Stock Exchange; Mr. Ahmad Aweidah commented on launching the association’s branch in Palestine, by saying: ‘’ the role of the Stock Market isn’t limited to the companies’ inclusion and releasing their financial statements, but naturally extends to seeking the development of the continuous communication within the entire stock exchange community, especially to promote the adoption of the best investor relations among the listed companies’ practices ’’.  ‘’Supporting and developing the effective investor relations practices is a keystone to the capital market’s work ‘’, Added Fida’ Azar.

The chairman of the Middle East investor relations society  and Paul Reynolds, the head of Rothschild"s advisory operations in the Middle East reported that "When the Investor Relations Association was founded in the Middle East in 2008, most of the listed companies in the Middle East and North Africa lacks crystalline job in the area of investor relations. However, the situation changes clearly considering the continuing demands of the stock exchanges and regulators to activate and increase the efficiency of communication between companies and investors". The Chief relations management of certificates of deposit to the Bank of New York Mellon, Tony Thomas suspended that " the bank is proud to be one of the founding members of the investor relations society — the Middle East, there is no doubt that such initiatives will contribute to ensure the access of companies to all the resources and tools that are  necessary to implement best practices investor relations that foster acceptance of the listed companies in Palestine to investors from around the world". In the same context, the General Manager of Investor Relations society in the Middle East Maria hunt reported: «we, aspire to organize periodically events that permit the companies in Palestine to listen to the views and recommendations of some experts and market analysts, investors, regulators, and investment funds mangers". The investor relations society in the Middle East is a neutral independent and nonprofit organization, founded in 2008, and its membership is open to investor relations experts, financial communications and capital markets in the Middle East. The Assembly represents an excellent platform for sharing best practices for Investor Relations between the Investor relations experts who focus on providing clear information to the investment community at the regional and global levels.