BHM Capital Appointed as Liquidity Provider for Lulu Retail

BHM Capital Financial Services PSC, a leading financial institution in the United Arab Emirates, has been appointed as the liquidity provider for Lulu Retail Holding shares listed on the Abu Dhabi Securities Exchange (ADX). This strategic move underscores BHM Capital's commitment to enhancing the efficiency and attractiveness of local capital markets.

Lulu Retail Holding, a prominent brand in the UAE, recently launched its initial public offering (IPO), releasing 25% of its shares, which was later increased to 30%. The IPO was oversubscribed more than 25 times, with total orders reaching AED 135 billion (approximately USD 37 billion), demonstrating strong investor confidence in the brand.

Abdel Hadi Al Sa’di, CEO of BHM Capital, highlighted the growing demand for liquidity providing services in the UAE's local capital markets. These services help maintain liquidity for stocks and add value to investors, aligning with regulations set by UAE market authorities and the Securities and Commodities Authority.

BHM Capital's role as a liquidity provider is crucial for stabilizing the price movements of traded shares, enabling companies on the ADX and Dubai Financial Market to expand and seize growth opportunities. This, in turn, benefits the companies, investors, and the broader community.

As BHM Capital continues to expand its services, it strengthens its presence in the local capital markets, contributing to market efficiency and investor confidence. This appointment is expected to positively impact the growth and performance of Lulu Retail Holding's shares within the dynamic UAE financial markets.

Given BHM Capital's strategic position and its role in enhancing market liquidity, investors might consider holding their positions to benefit from potential future growth and stability in the UAE financial markets.