Press releases, Reports & Disclosures for BHM Capital Financial Services PSC

BHM Capital Financial Services PJSC, a private joint stock company regulated by the Securities and Commodities Authority (SCA), announced the expiry of its Liquidity Provision Agreement with Al Ansari Financial Services PJSC, effective June 28, 2024. The agreement will not be renewed, and BHM Capital will fulfill its obligations until the specified date. The announcement was submitted to the Dubai Financial Market through the EFSAH System.

BHM Capital has been appointed as the liquidity provider for Drake and Scull International PJSC’s (DSI) shares on the Dubai Financial Market (DFM). As part of this role, BHM Capital will enter two-way daily quotes into the market trading system in accordance with regulations set by the DFM and the UAE Securities and Commodities Authority (SCA). Abdel Hadi Al Sa’di, CEO of BHM Capital, highlighted that this initiative aims to stabilize DSI's share price fluctuations, enhance investment opportunities, and streamline the trading process for all investors. He also expressed gratitude to various regulatory bodies and stakeholders for their support in the restructuring plan of DSI.

BHM Capital, a major financial institution in the United Arab Emirates, has seen a 22% increase in profits in the first quarter of 2024, reaching AED 9 million, compared to AED 7 million in the same period in 2023. The company's total assets also increased, reaching AED 1.3 billion. Revenue from trading commissions and consultancy fees rose by 12%, and margin financing revenue grew by 127%. The company's total income at the end of the first quarter of 2024 increased by 47%, exceeding AED 37.5 million. The CEO of BHM Capital attributes these positive results to the company's effective investment strategy, developmental services, and partnerships and acquisitions.

BHM Capital, a major financial institution listed on the Dubai Financial Market, has won the "Best Equity Broker in Dubai" award at the 2024 Arab Federation of Capital Markets Conference. The award recognizes BHM Capital's performance in 2023. The conference, hosted by the Qatar Stock Exchange, gathered key stakeholders in finance to discuss challenges and opportunities in Arab capital markets. Deputy CEO of BHM Capital, Alaa Dwekat, and Chief Business Development Officer, Ayman Ghoneim, accepted the award. Dwekat noted the award reflects the company's commitment to improving Arab capital markets and the trust of its customers and investors. He also credited the supportive environment and assistance from UAE authorities for the company's success.

BHM Capital Financial Services P.S.C, a private joint stock company regulated by SCA (Registration No: 604097), held its board meeting on Friday, 10 May 2024. The meeting, which started at 11:00 AM and ended at 12:00 PM, was attended by all five board members, achieving a 100% quorum. The board approved the Q1 Consolidated Financial Statements for the year 2024 and discussed regular matters and other business. The information was confirmed by the Board Secretary, Ma’an Albostami.

BHM Capital Financial Services P.S.C, a private joint stock company regulated by SCA with registration number 604097, has scheduled a board of directors meeting for Friday, 10 May 2024 at 11:00 AM. The agenda includes reviewing and approving Q1 Financial Statements of 2024, and discussing operational matters. The notice was issued by the board secretary, Ma’an Albostami.

BHM Capital, a prominent financial institution in the United Arab Emirates, has been appointed as the liquidity provider for Agility Global PLC's shares on the Abu Dhabi Securities Exchange (ADX). BHM Capital will provide liquidity for the shares by entering two-way daily quotes into the market trading system. The move is expected to stabilize the price movements of Agility Global's shares and provide opportunities for investors to diversify their portfolios.

BHM Capital, a UAE-based financial institution, has announced the launch of its Fixed Income Division. The new department will act as an active proprietary market-maker of global credit instruments, both conventional and sharia-compliant, with a primary focus on the MENA region. The company's CEO, Abdel Hadi Al Sa’di, emphasized the strategic importance of the Fixed Income desk, stating it would provide clients with superior liquidity, pricing, and execution across regional and global financial markets. He also noted the potential for fixed income investments to diversify and stabilize investor portfolios. The move coincides with a rapid expansion of debt capital markets in the GCC region.

BHM Capital, a prominent financial institution in the United Arab Emirates, has been granted approval by the Dubai Financial Market to implement the price stabilization mechanism for new stock listings. The retail chain, Spinneys, will be the first company to use this service after listing, following its 25% share public subscription offer from April 23 to 29. The mechanism allows newly listed or existing companies to appoint BHM Capital as their price stabilizer manager, which supports the stock price for a specific period after its trading debut. The CEO of BHM Capital, Abdel Hadi Al Sa’di, expressed his satisfaction with the approval and highlighted the mechanism's contribution to market transparency and stability.

BHM Capital Financial Services, a private joint stock company regulated by SCA, has announced the expiration of its Market Making and Liquidity Provision agreements with National International Holding Company (NIH). The agreements, which are related to NIH's shares listed in the Dubai Financial Market, will expire on 30th April 2024. It has been mutually agreed not to renew these agreements for an extra term. However, BHM Capital will continue to fulfill its obligations as per the agreements until the specified date.